Private equity firms Shenzhen Capital Group and Shenzhen Qianhai Wanrong Hongtu led a $100m Series B round in Shanghai Longcheer Technology, a telecommunication equipment manufacturer. Accurate Capital, Jintaifu Capital Management, Forebright Capital Management, FutureX Capital, and Huaxu Industrial Investment Fund Management also participated in the round. With the capital injection, the company will develop its 5G technology and accelerate its development of mobile intelligent terminals powered by artificial intelligence of things.