Technology innovation firm IQiyi Smart, backed by Chinese video giant IQiyi, has raised as much as $14 million from Addor Capital and Beixin Capital, according a media statement issued on Tuesday.
Established in 2017, the Beijing-based company plans to use the funding proceeds to develop technology in the VR/AR segment, enhance its content and brand marketing efforts. Its products include QUT IMAX, VR game, VR chair, and VR KTV.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on November 11-12, 2019.
