On 9 February 2018, Xiamen Zhiyu Information Technology Co., Ltd. signed an agreement with Yangming Capital, successfully completed its A round financing at RMB 23 million led by Yangming Capital. The lead investor is Kangyi Bio-pharmaceutical Venture Fund, which is the first industrial fund guided by government in Fujian Province with an overall scale of RMB 300 million. National Development and Reform Commission and Fujian Provincial People’s Government took part in the investment.
Guantao Xiamen office, led by Chen Qian, Liu Liping and Guo Xiaodong, acted as legal counsel to Xiamen Zhiyu Information Technology Co., Ltd. throughout the whole transaction.