Recently, TalkingData announced a new round of financing of about USD 100 million. CR Data Fund (Big Data Technology Application Fund) of CR Capital leads the investment in financing as a strategic investor. Funds raised in this round will be mainly used for iterating and upgrading products on the data intelligent platform of TalkingData, as well as optimizing the industry customer sales and service system to better meet the needs of enterprise customers for data intelligence products and services in the process of digital transformation, and further promote the coordination with diversified industries of CR Capital.
"As a strategic investor, we lead the investment in this round of financing for TalkingData since we are optimistic about the field of enterprise services and data intelligence. After nearly a decade of development, TalkingData has been leading the industry, with numerous Chinese traditional leaders and Internet enterprises as its clients, as well as extensive experience in big data technology R&D and enterprise services." Qiu Xiaochun, head of CR Data Fund, said, "as the strategy of 'new infrastructure' is vigorously promoted in China, the emerging technology industry with big data technology, products and applications as the core will serve as an important focal point of promoting transformation of production mode, reconstruction of production relations and change of life style. China is expected to usher in the explosive growth of big data applications. Therefore, we are looking forward to the future of TalkingData."
Cui Xiaobo, founder and CEO of TalkingData, said: "The investment from CR Capital will effectively strengthen TalkingData's leading position in the industry. The company will continue exploring the field of data intelligence, continuously explore technological innovation and application capacity accumulation, comprehensively enhance customer service capabilities, fully release business growth space, provide more efficient support for the digital transformation and business development of enterprises, and constantly contribute to the construction of Digital China.'
About CR Capital Management
CR Capital Management is the first-level profit center, a wholly-owned subsidiary of China Resources (Holdings) Co., Ltd., the bridge for the coordination of industry and finance of CR Group, as well as the promoter for innovation, transformation and development. As the management platform of the Group's industry fund, CR Capital carries out fund operation business closely around the Group's industries and national macro policies, gives full play to such advantages as the flexible industry fund mechanism, fault tolerance, innovation promotion and effective incentives, mainly invests many fields including health care, urban construction and operation, consumer products, comprehensive energy construction and operation, technology innovation, and energy conservation and environmental protection, etc.
About CR Data Fund
CR Data Fund (Big Data Technology Application Fund) is a U.S. dollar Fund jointly funded by CR Capital, DE Capital and Data Central, focusing on equity investment in data analysis, data intelligence and other big data application fields. Thanks to the industrial diversification advantages of CR Group and the opportunities of actively integrating into the digital economy, CR Data Fund will deeply explore high-quality projects in the field of big data technology, make full use of the data intelligence advantages of the invested enterprises, and propel the digital transformation and development of CR Industry.
About TalkingData
Founded in 2011, TalkingData is a leading data intelligence service provider in China. TalkingData adheres to the vision that “data change business decisions and improve the human life”. Centering on the data intelligent platform of TalkingData SmartDP, it has built a data intelligent application ecology of “connection, security and sharing”. Moreover, It is committed to creating value for partners with the ability of data + technology, and assisting commercial enterprises and modern society in the realization of intelligentized transformation driven by data.
