Everbright-IDG fund commits $72m to China e-commerce app
China Everbright (CEL) and IDG Capital Partners have completed a RMB500 million ($72 million) investment in Daling, which operates a Chinese mobile shopping recommendation app targeted at women.
The commitment came from Everbright-IDG Industrial Fund, which was launched in late June and backs companies in areas such as financial technology, internet finance, entertainment, education, consumer...
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