Baidu doubles down on smart lock maker

Yunding Technology completed its second fundraising this year with Baidu among the investors as the battle for the Internet-of-Things (IoT) continues to heat up.

Baidu doubles down on smart lock maker

Chinese smart lock maker Yunding Technology has completed a Rmb600 million $87 million Series D fundraising from existing investors, its second this year.

Baidu led this round of fundraising, joined by Shunwei Capital, K2VC and Susquehanna International Group SIG, Yunding said on Wednesday.

In July, the smart lock maker completed a Rmb270 million follow-on C round fundraising from seven investors including Baidu, SIG. Prior to this, from 2014...

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