Beijing Zmeng Network Technology (ZMT), a China-based data analytics technology provider backed by diversified conglomerate Fosun, has raised RMB500m ($72m) in series C funding from unnamed investors, China Money Network has reported.
Founded in 2013, ZMT has developed technology that gathers and assesses offline data for customers in industries such as retail, automotive manufacturing, real estate, healthcare, finance, education and tourism.
The company had previously raised $45.2m in funding as of a $27.1m series B-plus round in November 2017 that was led by YF Capital that included Fosun vehicle Kinzon Capital and venture capital group IDG Capital, the latter two having already invested an undisclosed sum eight months earlier.
