# Newifi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/newifi

- Industry: Software
- Headquarters: Chengdu, China
- Website: www.xcloud.cc
- Total disclosed funding: $0.3M
- Latest round: Series A (Jun 1, 2015)
- Investors on record: 3

## About

Newifi operates in the cloud computing sector, focusing on innovative solutions that enhance connectivity and user experience in various digital landscapes.Founded in 2009 in Chengdu, China, Newifi specializes in cloud computing technologies. The company has undergone strategic developments to adapt to market needs. Cheng Li and Zhuo Nie, the founders, have led the company through its growth. Newifi successfully raised CNY 5.000 mn during its Seed funding round on March 30, 2016, with total funds raised amounting to CNY 5.000 mn, primarily from the investor Xunlei.Newifi provides advanced cloud computing solutions aimed at optimizing connectivity for businesses and individual users. Their offerings include cloud storage, data management systems, and analytics tools designed to improve operational efficiency. The company targets a broad audience, including enterprises and tech-savvy consumers, positioning itself as a versatile provider in the digital transformation landscape.In the most recent year, 2017, Newifi reported a revenue of CNY 3,674,963.20 with an EBITDA of CNY -1,835,179.80, indicating the company's financial performance during that period.Newifi aims to expand its product offerings with new cloud solutions planned for launch by the end of 2023. The company also targets market penetration in Southeast Asia, specifically in Vietnam and Thailand, by mid-2024. The funds raised in the recent Seed round will support product development and marketing initiatives to facilitate this expansion.

## Funding rounds

- Series A, Jun 1, 2015 — JD.com, Inc., Lenovo Capital and Incubator Group
- Seed, Jan 1, 2013 — Lenovo Capital and Incubator Group
- Seed, Nov 1, 2012, $0.3M — CDHT Hi-Tech Venture

## Investors

- CDHT Hi-Tech Venture (https://capitalatlas.ai/funds/cdht-hi-tech-venture) — Seed
- Lenovo Capital and Incubator Group (https://capitalatlas.ai/funds/lenovo-capital-and-incubator-group) — Seed, Series A
- JD.com, Inc. — Series A