Mogujie, a China-based social commerce website, has raised an undisclosed amount in its series C round from publisher International Data Corporation’s (IDG) local corporate venturing unit.
Mogujie said IDG Capital’s investment meant it was now effectively valued at $200m, which is 10-times the amount invested in its first two rounds.
Germany-based publisher Bertelsmann’s corporate venturing unit BDMI led Mogujie’s A round, while venture capital firm Qiming Ventures led the B round.
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