The enterprise social networking (ESN) segment in China is expected to see dramatic growth this year, with IDG Capital making a head start with a re-investment in China-based Facishare.
IDG Capital, the corporate venturing arm of technology media and research firm IDG, has led an undisclosed series B round of investment in Facishare Technology, the first company in China to launch enterprise socialization software for sales management, according to PEChina Daily/Kualiliyu.com. Reports from China-based enterprise social networking (ESN) trade sites have said that IDG invested in a series A round in Facishare last year, however, the financial details were not made public.
Founded in 2011, the company specialises in…
