Beijing-based transportation information service systems developer TransWiseway has fetched 700 million yuan ($102.6 million) in a Series A financing round.
TransWiseway plans to use the funds to further advance its financial services and data application.
The Series A was led by Ant Financial, a financial technology unit of Alibaba Group.
The round also included participation from Beijing Internet of Vehicles Industry Development Fund, an investment fund of intelligent transportation systems developer China TransInfo Technology Corp.