Tencent and IDG have contributed to a $20m series B+ round for crowdfunding platform Qingsongchou.
China-based social networking crowdfunding service Qingsongchou has received approximately $20m in a series B+ round featuring internet company Tencent, China Money Network reported today.
IDG Capital Partners, a VC affiliate of media company International Data Group, and DT Capital Partners also supplied cash.
Founded in 2014, Qingsongchou operates a crowdfunding platform that lets users share their projects with their friends through messaging platform WeChat. The platform primarily focuses on fundraisers around local agriculture, personal projects and charity.
To date, Qingsongchou…
