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06 Nov
06:58

Ruilong Technology completes A+ financing led by Xiaomi

Chinese smelter and recycler Jiangxi Quannan County Ruilong Technology recently completed an A+ financing round, led by Chinese technology firm Xiaomi’s investment company, Kallanish learns. The undisclosed funds will be mainly used for fixed asset investment, supplementing working capital and building a procurement and sales network. Xiaomi, through its subsidiary Xiaomi Auto, is now developing electric vehicles, for which the first model is expected b…
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