Intelligent hotel solution provider Xiezhu Technology raised 300 million yuan (USD 45.6 million) in its Series B financing round this month. Led by Addor Capital, the round was also backed by Qingdao Haikong Tiancheng Fund and existing investor SR Capital, which also invested in the company’s Series A financing. Styling itself as an “AIoT (Artificial Intelligence of Things) company”, Xiezhu said it is committed to the R&D of 5G applications, AI chips, the Internet of Things, big data, and cloud technology.