Terminus' growth supports development of smart city

Chinese e-commerce and artificial intelligence companies are doubling down on the future to connect every device. 

Internet of Things IoT startup Terminus Technologies has completed the first round of its Series C fundraising at total Rmb 2 billion $283 million.

China Everbright Limited led the round and remains a controlling shareholder. E-commerce giant JD.com, voice recognition and AI company iFlytek, and real estate conglomerate Wanda Group’s investment arm all also participated.

Terminus will use proceeds to attract more talent and to develop its IoT business. With JD.com and iFlytek on board, Terminus said that it intends to…

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