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ciif.com.cn

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Investments

6

Funds

2

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.

Chongqing Industrial Investment Fund Headquarter Location

B4 F, #4-2 Huangshan Road No.50, North New District

Chongqing, Chongqing, 401121,

China

+86 023-81399929

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Latest Chongqing Industrial Investment Fund News

LeCloud Pockets 1 Billion RMB Series A

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

6 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.

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Chongqing Industrial Investment Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/31/2020

Series B - II

Jutubao

Yes

4

8/11/2019

Growth Equity

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$99M

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10

9/26/2018

Seed

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$99M

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10

4/24/2018

Series A

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$99M

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10

8/22/2017

Series A

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$99M

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10

Date

3/31/2020

8/11/2019

9/26/2018

4/24/2018

8/22/2017

Round

Series B - II

Growth Equity

Seed

Series A

Series A

Company

Jutubao

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Amount

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

4

10

10

10

10

Chongqing Industrial Investment Fund Fund History

2 Fund Histories

Chongqing Industrial Investment Fund has 2 funds, including Chongqing Industry Guidance Equity Investment Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/3/2016

Chongqing Industry Guidance Equity Investment Fund

Fund Of Funds

$3,108.21M

1

Chongqing Zhongyi Agricultural Equity Investment Fund

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$99M

10

Closing Date

8/3/2016

Fund

Chongqing Industry Guidance Equity Investment Fund

Chongqing Zhongyi Agricultural Equity Investment Fund

Fund Type

Fund Of Funds

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Status

Amount

$3,108.21M

$99M

Sources

1

10

Chongqing Industrial Investment Fund Team

1 Team Member

Chongqing Industrial Investment Fund has 1 team member, including current Chief Executive Officer, Yaoxue Xu.

Name

Work History

Title

Status

Yaoxue Xu

Chief Executive Officer

Current

Name

Yaoxue Xu

Work History

Title

Chief Executive Officer

Status

Current

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