The global positioning technology producer, which was co-founded by Alibaba and Norinco, secured the cash at a $1.84bn valuation.

Qianxun Spatial Intelligence, a China-based positioning technology provider co-founded by e-commerce group Alibaba, has raised RMB1bn ($141m) in series A funding, China Money Network reported today. Government-owned entities Shanghai International Group, Industrial and Commercial Bank of China and China State-Owned Capital Venture Investment Fund led the round, the former two through SIG Asset Management and…

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