China funds eye IT leasing market

Chinese investors, including JD.com, are looking to turn the IT leasing market into the country's next billion-dollar industry.

Edianzu, a Chinese enterprise IT leasing company, has raised $60 million Series D funding from existing investor Source Code Capital and an undisclosed sovereign wealth fund, the company said on Tuesday. Funds raised will be used to expand the business into more Chinese cities.

¬ Haymarket Media Limited. All rights reserved.

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