China-focused private equity fund managers CITIC Capital and Hillhouse Capital have led Series A and A+ rounds totaling CNY450 million (approximately US$70 million) for credit information provider China Chengxin Credit. Investment firms Boyu Capital, Three Gorges Capital Holdings, Cherubic Ventures, Danhua Capital, Wanshi Capital and Harmony Riverside Investment Management also participated in the round. With the new funding, China Chengxin Credit plans to increase its research and development investment in smart technology products in areas such as artificial intelligence, big data and blockchain.