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Angelia Technologies



Negotiations started with a major satellite Internet provider and a defense unit. The former involves a business deal in the order of several hundreds of millions of US dollars, while the later is related to a high profile military application. Names of contractors are kept anonymous out of mutual confidential agreement.


Angelia completed its 2nd round of funding of 150 million RMB (about US$ 20 millions) from an Angel Capital formed by several private investors from Shanghai, Hangzhou and Shenzhen. Founder Mr Chen remains the majority shareholder after the investment. Board and Management meetings were held to finalize the deals and to reorient the company development strategy and plans over the next few years.


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