MGI announced the completion of a $1 billion Series B round of funding | May 2020
On May 28, MGI announced the completion of a $1 billion Series B round of funding.
This Series B funding was jointly led by IDG Capital and CPE, with participation by Huaxing New Economic Fund, Shanghai Guofang FoFs, Huatai Zijin Investment, Ti-capital, Sailing-capital, Co-stone, Dingfeng Asset, Guotai Jun’an Innovation Investment, as well as existing investors CITIC Securities/Goldstone, Green Pine Capital Partners and other venture capital firms. This is the second round of large-scale financing completed by MGI after it raised over $200 million in May 2019.