Xinyi Information Technology Co., Ltd. announced that it has received CNY 500 million in funding from a group of investors
September 09, 2021
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XINYI Information Technology Ltd announced that it has received CNY 500,000,000 in Series B round of funding co-led by China Merchants Bank International Capital Co., Ltd., CICC ALPHA (Beijing) Investment Fund Management Co., Ltd, CMB International Capital Corporation and China Merchants Venture Investment Management Co., Ltd. on September 10, 2021. The transaction included participation from China Merchants Capital Investment Co., Ltd., Ningshui Group, Yachang investment, CMS Capital Company Limited, Ningbo Water Meter (Group) Co., LTD., existing investors, Sinowisdom Capital, Shanghai Ziyou Investment Management Co., Ltd, Chendao Capital and Huarui Capital. As a part of the transaction, China Merchants Venture Investment Management Co., Ltd. has invested CNY 5,400,000.
Ningbo Water Meter Group Co Ltd, formerly Ningbo Water Meter Co Ltd, is a China-based company mainly engaged in research, development and manufacturing of integrated water metering products and water industry Internet of Things technology applications. The hardware terminal manufacturing segment is engaged in the research, development, production, manufacturing and sales of water metering and related pipe network equipment and sensors. The smart water application cloud platform segment is engaged in the establishment of a unified system application platform. The engineering service solution segment provides engineering solutions such as pipeline detection and trenchless repair. The Company conducts its business in domestic and foreign markets.
NINGBO WATER METER (GROUP) CO., LTD. 
