IT equipment provider Little Bear Rental will upgrade its partnership with JD.com following the round, where it raised a nine-digit renminbi amount.

E-commerce firm JD.com has led a nine-figure renminbi (RMB100m = $14.3m) series D1 round for China-based IT equipment rental service Little Bear Rental, China Money Network has reported.

Venture capital firm Fortune Venture Capital also participated in the round, which is the sixth to be raised by the company in the past two years, according to China Money Network.

Little Bear leases IT equipment to enterprise customers wishing to run asset-light businesses, and also offers recycling and physical asset management…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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