Chinese unicorn company Huayun Data Group signed a project to set up its headquarters and data center in Hefei National High-Tech Industry Development Zone on July 30.

With a total investment of 1 billion yuan ($145.2 million), the project will help to further consolidate the industrial foundations of big data and enhance the overall competitiveness of strategic emerging industries in Hefei.

Founded in 2010, the unicorn company (valued at $1 billion or more and not yet listed), is committed to providing customers with cloud computing services in the fields of traffic management, finance, education and manufacturing.