Horen Carries out its Series C Round of Funding
Summary
Horen (aka Xiangxiang Gongyong, ) raised hundreds of millions of Yuan in Series C on August 28, led by USChina Green Fund (). With Xiangxiang Gongyong, Horen has built a system that combines big data, cloud computing, and hardware manufacturing.Before Series C round of financing, this company has raised nearly CNY 168 million; investors include Qihai Capital () founded by Xiong Huaming, the former Tencent CTO.As of now, Xiangxiang Gongyong has deployed nearly 200 service outlets in China, serving six major industries: bulk liquid, fresh fruits and veggies, postal delivery, flowers, cold chains, and auto components. said Baibo, CEO of USChina Green Fund.Xiangxiang Gongyong could be a pioneer in the logistics industry as its digital platform not only perform real-time data management and intelligent leasing operations but also reduce resource consumption and environmental pollution by recycling. Packaging could be a new type of intelligent terminal, which runs through all processes of the supply chain and can efficiently acquire and store data. Those data is one of the key foundations of AI technology, might contribute to building a collaborative supply chain.