Supply chain software provider Shanghai Zhenyun Technology closed a round led by Meituan's Dragonball Capital vehicle and backed by Xiamen C&D.
E-commerce and local services platform developer Meituan led a RMB650m ($102m) series C round for China-based digital procurement service Shanghai Zhenyun Technology through corporate venturing subsidiary Dragonball Capital on Friday.
C&D Emerging Investment, an affiliate of supply chain services manager Xiamen C&D, also took part in the round, as did Ab Initio Capital, Unicorn Capital Partners, Detong Capital, Zhongmi Capital, Redpoint China Ventures, Blue Lake Capital and Eastern Bell Capital.
Zhenyun is the operator of Going-Link, a cloud software platform…
