China crowdfunding site Qingsongchou raises $20m
Beijing Qingsongchou Network Technology, a Chinese online crowdfunding operator, has raised a $20 million Series B+ round of funding from Tencent Holdings, IDG Capital Partners, DT Capital and Tongdaoo Capital.
The latest round valued the company at $350 million, Qingsongchou confirmed to local media 36kr. IDG is a return backer after investing an undisclosed Series A round in late 2014. Qingsongchou was founded...
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