XINYI Information Technology, a Chinese communication chip maker for the internet of things (IoT) industry, has secured a series A round of financing from an array of investors including China’s government-backed RMB21.5 billion (US$3.12 billion) worth Qianhai Fund of Funds. Other investors, such as investment firm Fujian SeptWolves Group, and private equity firms Bangsheng Capital […]

China’s IoT Chipmaker XINYI Secures Series A Round With Chips For Detailed Application appeared first on China Money Network.