At the beginning of this year, Zhai Caibang was awarded the B+ round of financing by Qualcomm Ventures. It was learned that the cloud architecture 4G/5G communication solution company Bai Cais (hereinafter referred to as “佰才邦”) has been completed. After completing the C1 round of financing, this round of financing was jointly led by Greenland Group and China Internet Investment Fund. At the beginning of this year, Qi Caibang was awarded the B+ round of financing led by Qualcomm Ventures, and also participated in the investment, including solid capital, Tsinghua Enlightenment and Yuexiu Investment. Prior to this, Qi Caibang also received investment from institutions such as Century Internet, Xiaomi, Yizhuang Guotou, Synergy Capital, Xinzhongli Capital, and Jubaichuan. Bai Cais, the company, revealed that the company has received C2 round investment intentions from a number of funds. It is estimated that after the completion of all projects, the total size of the C round is about 600 million yuan.
The company was founded in 2014 and is an advocate of the open architecture of telecommunications. Its clients include North America, Asia Pacific, Southeast Asia, Europe and other regions. It has signed strategic cooperation with Facebook and Lenovo, and signed a 5G joint development project with Intel and Qualcomm. Winning the bid for China Mobile’s 4G/5G O-RAN dual-mode base station, China Telecom’s 3.5GHz indoor 5G small base station reference design, winning China Unicom, China Tower, Vodafone Vodafone, Telefonica, Reliance Jio and other globally renowned operators Base station project.
This year, China officially opened into the first year of 5G commercial use. 5G will bring huge development opportunities. According to the research report of investment information, between 2020 and 2030, 5G will contribute 0.2% of the global real GDP growth rate, and the annual net value for GDP is expected to reach 2.1 trillion US dollars, by 5G technology. Driven global industrial applications will generate $12 trillion in sales.
For 5G construction, operators are facing tremendous pressure to build networks and increase revenues. It is urgent to improve the openness of the new generation of wireless networks and closely integrate with the business. A number of global operators have initiated O-RAN organizations to promote interface standardization and platform openness. Qi Caibang is one of the first members to join the O-RAN Alliance, focusing on the white box of the access network hardware, and assumes the most important white box group co-chair position in the organization.
Sun Lixin, Chairman and CEO of Yancai State, said: “In the past five years, the main energy of the company has been invested in ‘internal strength cultivation’, and the team is participating in the 5G standard formulation in the 4G era. We believe Success is not achieved overnight, it is precisely because the company’s insistence on innovation has been recognized by global operators and vertical industries.”
Investor perspective:
Shen Jin, Vice President of Qualcomm Global and Managing Director of Qualcomm Ventures China, said: “5G’s intelligent interconnection has always been the focus of Qualcomm’s venture capital investment and investment.