Apalene Technology Co., Ltd. announced that it has received $23.6 million in funding from Huafon Chemical Co., Ltd., Zhejiang Longsheng Group Co., Ltd., ESOP
January 13, 2022
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Apalene Technology (Hangzhou) Co., Ltd. announced that it has received $23,600,000 in funding on January 14, 2022. The transaction included participation from Huafeng Group and Longsheng Group.
Huafon Chemical Co Ltd, formerly ZHEJIANG HUAFON SPANDEX CO LTD, is a China-based company, principally engaged in the research and development, manufacture, processing and distribution of spandex products, under the brand name of Qianxi. The Company is also engaged in the production, research and development, and sales of fine chemicals such as polyurethane resins and chemical products such as adipic acid.The Company's main products are spandex products. The company's spandex products are applied in underwear, recreational sportswear, swimwear, socks, decorative fabrics and medical bandages. The Company distributes its products within domestic market and to overseas markets.
Apalene Technology Co., Ltd. announced that it has received $23.6 million in funding from Huafon Chemical Co., Ltd., Zhejiang Longsheng Group Co., Ltd., ESOP
HUAFON CHEMICAL CO.,LTD 
