AsianFin—Nanjing Renxin Technology Co., Ltd., a China-based smart driving communication chipmaker, announced on Friday at the Beijing Auto Show that it has recently secured nearly 100 million yuan (US$ 14 million) in Pre-A++ round financing. The company disclosed that the funds will primarily be used for the mass production of its first-generation 16Gbps high-performance automotive SerDes product, as well as for promoting its application in various scenarios and building a comprehensive customer service team.