Everbright-IDG deals out $72m to Daling

Dec 20, 2016 • Robert Lavine

Everbright-IDG Industrial Fund has announced its first investment, supplying $72m in funding to mobile commerce platform and IDG Capital portfolio company Daling.

Corporate-backed investment fund Everbright-IDG Industrial Fund has provided RMB500m ($72m) of funding for China-based e-commerce platform Daling, China Money Network reported yesterday.

Founded in 2014, Daling operates a mobile-focused platform that specialises in imported consumer goods like cosmetics or accessories.

IDG Capital had already taken part in Daling’s $45m series C round, which was led by an undisclosed Chinese fund, in August this year.

The series C also featured venture capital firm Sequoia Capital and private equity firm Capital…

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