JD and Macquarie put money where their mouth is

Sep 19, 2014 • Joanne Faulkner

Online food delivery service Beijing Shishang Renjia Networks Technology (Daojia), has completed a $50m series D round featuring JD.com.

China-based online food delivery service Daojia closed a $50m series D round featuring e-commerce company JD.com and investment bank Macquarie Capital on Tuesday.

Venture capital firms Morningside Ventures and CDH Venture also took part in the funding.

The primary focus of Daojia’s delivery service, which it claims has more than one million registered users, is restaurant food delivery, which it operates in eight cities. The funding will be used to expand its operations across more cities.

Hao Sun, Daojia’s…

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