ChinaCache Raises Series B

ChinaCache Network Technology, a Beijing-based provider of content distribution networks in China, has raised $31.5 million in Series B funding. Qiming Venture Partners led the deal, and was joined by Ignition Partners, CV Starr International and Susquehanna International Group China. Return backers Jafco Asia, Intel Capital and Investor AB also participated. www.chinacache.com