Chinese Digital Company Hengyuan Technology Raised CNY 100 Mn from Series B Financing Round
Hengyuan Technology (恒远科技) has received CNY 100 million in Series B financing. It was jointly invested by five institutions including Addor Capital, Yantai Guofeng Investment Holding Group (烟台国丰投资控股集团), and Yantai Yeda Economic Development Group (烟台业达经济发展集团).
Hengyuan was established in 2016 and is headquartered in Yantai, Shandong. At first, the company mainly provided digital transformation consulting services for industrial manufacturing enterprises. With the accumulation of experience in the field of industrial digitalization, Hengyuan chose to enter the field of digital transformation of the equipment manufacturing industry, providing solutions for manufacturing operations management (MOM platform) and the IoT solution based on data collection.
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