IDG Capital Partners reportedly agrees $40m investment in China trade company BizArk.
BizArk, a China-based platform for foreign trade and e-commerce services, has raised up to $40m from US media company International Data Group’s $2.5bn regional corporate venturing division, IDG Capital Partners, according to news provider Oriental Morning Post.
Investment bank Zero2IPO said BizArk had agreed with search engine group Google to develop a platform for overseas customers.