China Everbright, AIoT firm Terminus raise additional $305m for smart city fund Smart City April 1, 2021 CEL AI Economy Fund, jointly set up by financial conglomerate China Everbright Limited (CEL) and its technology platform Terminus Technologies, has raised another 2 billion yuan ($304.7 million) to launch its Fund III for investments in smart city solutions. The new capital commitment came from the local government of southwestern China’s Deyang City, Sichuan Province, China Everbright announced in a WeChat post on Wednesday. CEL and Terminus had introduced their plans of creating a seri...