Chinese TCL Technology Group’s incubation project Getech Technology Co., Ltd has secured 100 million yuan ($14 million) in its Series A round of financing led by YF Capital, a private equity firm co-founded by Alibaba’s Jack Ma and David Yu in 2010.
TCL’s investment arm TCL Capital had invested an undisclosed sum in Getech in 2018.
Established in 2018 and based in Guangzhou, Getech specialises in developing intelligent industrial platforms and solutions for the manufacturing industry. Its solutions are widely used in the semiconductor, computer, communication, consumer electronics, 5G and automobile sectors.
In late 2019, Getech forged strategic partnerships with Tencent Cloud and Siemens.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from June 1-3, 2020.
