Jiangsu Suqian Technology Co., Ltd. announced that it will receive CNY 48,000,000 in an equity round of funding from returning investor Softcen Co., Ltd. on May 20, 2022. Post closing, the investor will hold 7.26% stake in the company. The transaction has been approved by the board of directors of the investor.

The transaction is expected to close on June 10, 2022.