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Quebec-based Canadian clean tech private equity firm Cycle Capital Management will support Qingdao City Construction Investment Group (QCCI) to set up a venture capital fund in Qingdao as part of an agreement to establish a strategic partnership between the two parties, according to a company announcement. Under the agreement, QCCI will partner with Cycle Capital Fund

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Hangzhou City, Zhejiang province-based cloud storage service provider UpYun.com says it has received tens of millions RMB in series A financing led by Chinese venture firms CDH Investments and Songshu Capital, according to the company's official Weibo account. Shen Zhihua, UpYun's co-founder, says that the proceeds will be used to expand the company’s technology infrastructure,

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Hangzhou-based Chinese mobile financial app Tongbanjie has received close to US$50 million in series B financing led by Legend Capital, according to the company announcement. Existing investors China Growth Capital and IDG Capital Partners also participated in the latest round. Launched in 2012, Tongbanjie completed over US$10 million series A financing led by IDG Capital

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Beijing-based online food ordering and delivering service provider Etaoshi has received US$20 million series B financing from Beijing New Hope Industry Investment Center L.P., according to Chinese media reports. Beijing New Hope Industry Investment Center is managed by Hosen Capital, which is the investment arm of Chinese agribusiness conglomerate New Hope Group. Launched in February

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