Shanghai Shiyu Precision Equipment Co., Ltd. announced that it has received funding from IDG Capital Partners Co., Ltd., Shanghai Orient Securities Capital Investment Co., Ltd., CETC Cornerstone Technology Innovation Fund Management Co., Ltd., Shangqi Capital Management Co.,Ltd., Tianma Bearing Group Co.,Ltd and other investors
April 03, 2023
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Shanghai Shiyu Precision Equipment Co., Ltd. announced that it has raised hundreds of million of financing on April 3, 2023. The transaction included participation from IDG Capital Partners Co., Ltd., Shanghai Orient Securities Capital Investment Co., Ltd., CETC Cornerstone Techology Research Equity Investment Fund (Beijing) Partnership Ent. (L.P.) managed by CETC Cornerstone Technology Innovation Fund Management (Beijing) Co., Ltd., Shangqi Capital Management Co.,Ltd., Tianma Bearing Group Co.,Ltd, Houxue Capital, Wuchan Zhongda Investment Management Fund, Hudson Capital, Yantai Shangao Hongjin Equity Investment Partnership and others.
Tianma Bearing Group Co., Ltd. specializes in manufacturing and marketing bearings for the railway, automotive, naval construction, machine tools and industrial machines industries, etc. The products include ball bearings, angular contact ball bearings, spherical, conical and cylindrical roller bearings, railway bearings and precision bearings. The group also provides ball joints and slewing bearings.
China accounts for 73.5% of net sales.
Shanghai Shiyu Precision Equipment Co., Ltd. announced that it has received funding from IDG Capital Partners Co., Ltd., Shanghai Orient Securities Capital Investment Co., Ltd., CETC Cornerstone Technology Innovation Fund Management Co., Ltd., Shangqi Capital Management Co.,Ltd., Tianma Bearing Group Co.,Ltd and other investors
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