Alibaba-backed cloud services provider DT Dream raised $84m in a series B round that reportedly boosted its valuation to $1.5bn.

DT Dream, a China-based cloud computing provider backed by e-commerce and internet group Alibaba, secured RMB600m ($84m) in series B funding yesterday, according to China Money Network. Venture capital firm Zheshang Venture Capital co-led the round with an unnamed enterprise reform and development fund owned by the province of Zhejiang. It valued the company at…

The rest of this content is only accessible to 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.