Longcheer Tech raised 100 million U.S. dollars in the Series B financing, accelerating the layout of intelligent terminal market

Shanghai Longcheer Technology Co., Ltd. has raised 100 million U.S. dollars in the Series B financing, led by Shenzhen Capital Group Co., Ltd.( SCGC ) and Qianhai West Fountain  Investment Fund( West Fountain ), with investors including Forebright Capital, HuaXu(Guangzhou)Industrial Investment Fund Management, Jin Taifu Capital, Accurate Capital and FutureX Capital, ect. After this round of financing, Longcheer will strengthen the research and development of 5g and other new technologies andaccelerate the layout and development of AIoT intelligent terminal markets to construct  its core competitiveness.

Founded in 2002, Shanghai Longcheer Technology Co., Ltd. is committed to becoming the world's leading provider of intelligent products and services, with a R & D team of more than 3000 engineers, focusing on the design, R & D, manufacturing and service of smart phones, tablets, wearable, smart home, smart speakers and VR/AR. Longcheer is headquartered  in Shanghai，withR&D centers in Shanghai, Shenzhen, Huizhou, manufacturing bases  in Huizhou, Nanchang, India andVietnam and branches in Beijing, Korea, Hong Kong, the United States and South Korea.

"In the era of 5G, the distance between people and people, people and things, things and things is infinitely closer. With the accelerated rise of new technologies such as artificial intelligence, big data, cloud computing, the market boundary of intelligent products is growing rapidly. Some scenes that have never been thougt of in the past, such as smart home, autonomous driving, smart factory, smart city, are gradually becoming reality. The "intellectualization" of the whole society not only brings new development opportunities for ODM industry, but also requires higher requirements for ODM companies. Longcheer has the capability of world's leading system integration and has taken the lead in the layout of AIOT fields such as smart wear, smart home, AR / VR, etc. In the future, Longcheer will focus on these intelligent terminal industries and continue to increase R & D investment in these fields. We will continue to do a good job in ODM business and strive to become a platform enterprise to provide better products and services for our customers “ said Dr. Du Junhong, the founder and chairman of Longcheer.

"As the earliest explorer and leader in the domestic ODM industry, Longcheer has always been in the first echelon of the industry with its strong R&D and quality control capabilities. Its core customers include domestic excellent brands such as Xiaomi, OPPO, Huawei and Lenovo, as well as international giants such as Facebook, Amazon, Moto and LG. Driven by the wave of 5G, areas such as mobile phones, wearable devices will burst into explosive growth opportunities. We believe that under the leadership of Longcheer core team, the company will continue to expand its market share and achieve rapid growth in the next three years. " said Li Li, partner of West Fountain .

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