App Maker Bingdian Gets Series B From Redpoint and BlueRun Ventures


Chinese app maker Bingdian says it has secured series B financing from Redpoint Ventures and BlueRun Ventures. Redpoint Ventures led the round, which amounts to over US$6 million, according to Chinese media reports.

Bingdian says it will use the proceeds on cash flow management.

The Shanghai-based company got its series A financing from BlueRun Ventures last September. That round was approximately US$1 million.

Bingdian develops an app that allows users to book hotels in China. The company says it is now focusing on small enterprises’ business trips specifically.

Founded in 1999, Redpoint Ventures invested in Qihoo 360 Technology previously.

 

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