CDH Venture and Shenzhen Green Pine Capital Partners Invest in Upyun.com (Asia)
Source: Greater China Private Equity Review | Author(s): Stephen Leung
CDH Venture, a venture capital team under the umbrella of alternative asset fund manager CDH Investments, and China-based venture capital firm Shenzhen Green Pine Capital Partners have invested in a Series A financing round for China-based cloud services company Upyun.com. Upyun, which started as a project to provide cloud computing services to China-based photo-sharing site Yupoo in 2005, has also announced that it will take full control of the company through a management buyout. The company intends to use the new financing to build its technology infrastructure, attract management talent and improve marketing. Financial details of the transaction were not disclosed.