Yeahka’s Portfolio Company Fshi Technology Receives Further Funding of Hundreds of Million RMB to Accelerate Development of Open SaaS Strategy

HONG KONG, Dec 14, 2021 - (ACN Newswire via SEAPRWire.com) - Yeahka (09923.HK)'s portfolio company Fshi Technology (Shenzhen) Co., Ltd ("Fshi Technology"), announced the completion of its Series B funding. It is reported that the investor of this financing round is RYK Capital Partners Limited, with an investment amount of US$21 million (RMB134 million). The proceeds will be put towards general working capital, product development, marketing, daily liquidity needs as well as acquisitions. This round of funding for Fshi Technology was its third round of financing this year, following its over RMB 100 million Series A funding in February and nearly RMB100 million in Series A+ funding in March.Meanwhile, Fshi Technology announced the acquisition of 60% equity of Shenzhen Zhizhanggui Cloud Service Co., Ltd. ("Zhizhanggui") by means of cash and newly issued equity. According to Fshi Technology, the acquisition of Zhizhanggui will equip it with the standardized infrastructure of "hardware + software," which will become the cornerstone for Fshi's development. It will further accelerate the development of its open SaaS strategy through integrating mature SaaS modules into offline merchants...