China funds eye IT leasing market

Chinese investors, including JD.com, are looking to turn the IT leasing market into the country's next billion-dollar industry.

Edianzu, a Chinese enterprise IT leasing company, has raised $60 million Series D funding from existing investor Source Code Capital and an undisclosed sovereign wealth fund, the company said on Tuesday. Funds raised will be used to expand the business into more Chinese cities.

The company that conveys the idea of “sharing economy”, one of the hottest topics in China over the past year. Edianzu provides IT devices for corporates, including computers, work stations, printers, handsets, and even air filters.

The startup is headquartered in Beijing, and has four branches acros the country. It also provides door-to-door maintenance and software installation services within...

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