IDG Capital Co-Leads $100M Series B Round In Chinese Chip Maker ASR Microelectronic


Shanghai-based chip maker ASR Microelectronic has completed a US$100 million series B financing led by IDG Capital and Wanrong Hongtu Fund, the company announced today. There is little public information available about Wanrong Hongtu Fund’s identity and background. The investment follows a US$100 million financing last year from Shenzhen government-backed venture capital firm Shenzhen Capital Group, Wanrong Hongtu Fund and Alibaba Group. The Series B round brings ASR’s total funding so far to over US$300 million. Founded in 2015, ASR …

IDG Capital Co-Leads $100M Series B Round In Chinese Chip Maker ASR Microelectronic appeared first on China Money Network.


Print Print | Email Email | Category: China News

Sorry, comments are closed at this time.