Jingdong takes a bite out of Daojia in series C round

Sep 11, 2013 • Katherine Steiner-Dicks

Beijing Shishang Renjia Networks Technology Co. Ltd., known more commonly as Daojia.com.cn or Daojia, has completed a series C round of funding. JD.com (Jingdong), a B2C e-commerce company in China, and China early stage venture capital firm, Morningside Ventures- also an existing shareholder of Daojia- co-led the investment. The amount of money raised was not made public.

According to iResearch, by 2015 the number of China online-to-offline customers will reach 300 million and China’s O2O market will exceed RMB270bn (US$44bn),…

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