Tencent co-led a series C round that will help the textile software producer beef up hiring, research and development.

China-based textile-production technology developer Zhibu Internet closed a $100m series C round co-led by internet group Tencent and venture capital firm Sequoia Capital China today. CBC Capital, Matrix Partners China, Yuanhao Capital, 10Fund, ZhenFund and IDG Capital all took part in the round according to a company statement, and China Money Network reported participation by…

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