About Chongqing Industrial Investment Fund
Chongqing Industrial Investment Fund invests in electronics, Internet Of Things (IoT), artificial intelligence and smart devices, new materials, advanced transportation equipment, new energy automobile and smart cars, biotechnology, and environmental protection sectors.
Want to inform investors similar to Chongqing Industrial Investment Fund about your company?
Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.
Latest Chongqing Industrial Investment Fund News
Mar 4, 2016
Cloud Computing LeCloud Pockets 1 Billion RMB Series A LeCloud , the cloud computing and data processing arm of Chinese internet giant LeEco (formerly known as LeTV), announced on Thursday that they received a 1 billion yuan (US$150M) of series A led by Chongqing Industrial Investment Fund, a 80 billion yuan state-owned investment fund by the Chongqing government. LeEco’s stake in the cloud computing unit will decrease from 60% to 50%, but the parent will retain a majority stake of LeCloud. The new investor will hold a 16.67% stake in the company. The funding is earmarked for product development, service optimization, recruitment, business development and marketing. The company also disclosed that they are going to issue stock incentive plans for the LeCloud team. As part of LeEco’s global expansion plan, LeCloud is going to improve its cloud computing services for video, enterprises business, video sharing, virtual reality and automatic cloud platforms. According to official data from the company, LeCloud now covers 650 CDN network nodes across 60 countries and regions, providing service for over 100,000 enterprise users and billions of individual users. The tie-up also brings about a deeper cooperation between LeEco and the Chongqing municipality, China’s cloud computing capital. The internet giant is planning to promote research and development, production, distribution, operation, incubation and management services for cloud computing and big data in Chongqing. The local government will provide support in cooperative operations and broadband resources. Image credit: LeEco
Chongqing Industrial Investment Fund Investments
Chongqing Industrial Investment Fund has made 6 investments. Their latest investment was in Jutubao as part of their Series B - II on March 3, 2020.
Chongqing Industrial Investment Fund Investments Activity
Series B - II
Chongqing Industrial Investment Fund Fund History
2 Fund Histories
Chongqing Industrial Investment Fund has 2 funds, including Chongqing Industry Guidance Equity Investment Fund.
Chongqing Industrial Investment Fund Team
1 Team Member
Chongqing Industrial Investment Fund has 1 team member, including current Chief Executive Officer, Yaoxue Xu.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.