Photo/Shetuwang

June 20 (NBD) -- Navigation equipment manufacturer Guangzhou Haige Communications Group Incorporated Company's (002465.SZ) sub-subsidiary Guangdong Starcart Technology announced Tuesday it has completed the Pre-A round of financing, securing nearly 100 million yuan (15.5 million U.S. dollars) of investment from Shenzhen Bohuiyuan Venture Capital Co., Ltd. and Hunan Hi-Tech Venture Capital Investment Group Co., Ltd..

According to the Guangdong-based location network provider, the funds raised will be used to build indoor/outdoor location network and bolster the research and development of fused location technology and cloud platforms.

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