Recently, Jinshan Cloud officially announced the completion of the D round of 300 million US dollars in financing, the amount of cloud industry, the highest round of financing, after the investment valuation reached 1.9 billion US dollars, becoming the highest valuation of independent cloud service providers.
Jinshan cloud under the 'Lei Jun system', the current front of the Lei Jun system millet phone, rice, cheetah mobile, WPS, etc., and Jinshan cloud for its backend.
Lei Jun accelerated the pace of expansion in recent years, Jinshan cloud intention of listing the news has also been repeatedly in the industry, but the company has not responded positively.Recently, more sources said that Jinshan cloud is scheduled to be listed in Hong Kong next year.
In response, Wu Yuqiang, CFO of Jinshan Group, said that the IPO is only a process of the company's development has not been the goal, the current IPO of the company no timetable, but I believe this is a matter of course .After the financing, Jinshan Yun will enter the artificial intelligence field.
Four years ago, Lei Jun spent 19.1 million Hong Kong dollars to buy Tencent holding shares of Jinshan software 29.3264 million shares of the company, accounting for 2.5% of the total share capital since then, Lei Jun in Jinshan's stake reached 14.89%, exceeding the 12.7 after Tencent holdings %, Becoming the largest shareholder.Lei Jun also take this to further accelerate the layout in the fields of security, cloud computing and games.In 2015 March, Jinshan cloud has announced a total of 66.66 million US dollars funding, and this is Jinshan cloud D round of financing.
Jinshan Group announcement shows that Jinshan cloud in this round of financing a total of 335.5 million shares of Series D preferred shares.Li Yue investors and Minsheng investors as the lead investor, respectively, 50 million US dollars, 100 million US dollars to subscribe 58922728 shares, 117845456 Shares D series of preferred shares. Jinshan software as a follow-up with 150 million US dollars to subscribe for 176,768,184 shares of D series of shares after the financing is completed, Jinshan Software, Minsheng investors and Li Yue investors Jinshan Yun's shareholding were 51.93 %, 5.26% and 2.63% respectively.
For the purpose of raising funds, Jinshan Yun insiders said: 'After financing, Jinshan Cloud will announce a comprehensive price cuts to further strengthen the artificial intelligence capabilities, and in the government, finance, industrial manufacturing and other vertical industries layout.
It is reported that after this round of financing, Jinshan cloud CDN will be 50% price reduction, cloud database Redis price cut 60%, the largest decline in cloud server prices more than 30%; object storage product prices down 10%.
'As we reduce the cost of those costs down the company can not be eliminated, to promote the integration of the industry.' Wang Yulin said that in addition to Aliyun, Tencent and Jinshan cloud in the future, the cloud computing industry may have one or two Home have a chance.