New China Life Insurance has committed funds to the consumer drone manufacturer at a $10bn valuation.

China-based consumer drone manufacturer SZ DJI Technology is in the process of securing a $500m series B round from investors including insurance provider New China Life Insurance, China Money Network reported today. The round values DJI at $10bn and also features New Horizon Capital. DJI has not officially confirmed the round. DJI was previously reported…

The rest of this content is only accessible to Global Corporate Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.