Oceanpine Capital, a professional investment management firm, led a $1bn Series E financing round in Chipone Technology, a Chinese chip designing firm, with participation from CCB International, an investment services provider, GGV Capital, a global venture capital firm, and Prosperity Investment, a firm with the specific aim of managing the wealth of individuals. "The proceeds from this new round will be used to increase our continued investment in R&D, team expansion, and new technology development. It will help the company build long-term partnerships with key suppliers and provide a stable, secure , and sustainable chip supply chain to the global display industry," Zhang Jinfang, Chipone Chairman and CEO.