(Yicai Global) Dec.7 -- Hangzhou iTrigger Cloud Computing and Technology Co., a new retail solution supplier, founded by Yu Sicheng, vice president of Alibaba Group Ltd. [NYSE:BABA], completed CNY100 million (USD15 million) A-round financing led by Alibaba and followed by Yinxinggu Capital and Vision Capital, internet media Hunting cloud network reported. The company will spend new funds to provide richer application services for China's cloud market.
Hangzhou iTrigger will also invest in developing a better cooperation model with Aliyun on ecological level, it said.
iTrigger, serving as a new retail service provider, provides solutions for new retailers by speeding development of enterprise-level cloud computing service market to help retailers realize internet and digitalization transformation, the company information says. It also provides online-to-offline membership operation platform for the retail sector.