News Snapshot:
WhatsApp A Shanghai-based SaaS company has just joined the ranks of China’s fintech unicorns after the conclusion of its latest venture capital funding round. Xforceplus Information Technology (上海云砺信息科技有限公司) has raised nearly USD$200 million in total via its series C-round funding, with key investors in the recent series C++ round including Dragoneer Investment Group, MSA (和玉资本) and Huatai Innovative Investment (华泰创新). Chinese investment bank Taihecap (泰合资本) was exclusive advisor for the transaction. Xforceplus previously obtained nearly $100 million in its first tranche of Series C round funding in October 2019. That round was led by Temasek Holdings, with participating investors including...
