Chinese cloud tax startup raises around $100m

Yunzhangfang to upgrade IT infrastructure and brand management

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The Chinese software-as-a-service platform Yunzhangfang helps corporations with their taxes and financial management.

LIYA SU, DealStreetAsia

SHANGHAI -- Yunzhangfang, a Chinese software-as-a-service tax platform, has received approximately $100 million in its Series E round led by the private equity firm Apax Partners' subfund Apax Digital. The round was joined by GF Securities' GF Qianhe and GF Investment (Hong Kong).

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