By Greg Gao

(JW Insights) Jun 29 -- The code hosting platform OSChina(开源中国), China’s answer to GitHub, recently announced that it raised RMB775 million($107 million) in series B+ round strategic funding.

With this round of funding, the team plans to allocate more resources to product development, AI research, and commercial expansion.

The leading investors for this round are FutureX Capital, with participation from Haiwang Capital under Shanghai STVC Group, Teda Industries, Shanghai Pudong Software Park, Legend Capital, China Mobile’s CMCC Capital Beijing Fund, Lenovo Capital, among others.

Following the completion of this funding round, the shareholding of Baidu Chuanke Computer Systems (Beijing), a previous shareholder, has decreased from 51.54% to 14.04%. The founding team of OSChina has regained control, making the platform completely independent.

One of OSChina’s investors pointed out that the platform aims to create an independent and secure local ecosystem for open-source software, reducing developers’ excessive reliance on overseas open-source software and building a secure and controllable information system in China.

OSChina’s code hosting platform, Gitee, is currently one of the leading code hosting services in China. It hosts renowned domestic open-source projects such as OpenHarmony and OceanBase. Gitee enterprise edition has served over 10 million developer users, 260,000 enterprises, and more than 2,000 higher education institutions.

Currently, OSChina has more than 300 employees, with over 85% dedicated to research and development. 

Established in 2008 and based in Shanghai, OSChina hosts nearly 100,000 globally renowned open-source projects across various categories. In 2022, it launched the China open-source community Landscape, which includes over 200 open-source communities. It also acquired OSDN, a well-established Japanese open-source community that originated from Sourceforge.jp.