Fosun Venture Arm Leads Series B Round For Kongming Inc.

Beijing-based social media marketing company Kongming Inc. has raised tens of millions U.S. dollars in series B funding, according to Chinese media reports.

Fosun Group’s venture capital arm Fosun Venture Capital Investment led the round. Existing investor Fidelity Growth Partners Asia also participated.

Kongming previously received several millions U.S. dollars series A funding from Fidelity Growth Partners Asia in 2011.

The company says it will use the proceeds on technology system building, new product development and customer team expansion.

Kongming provides products and service including data analysis, CEM and social advertising.

This month, Fosun Venture Capital Investment has invested two other companies, omprehensive educational solution-provider Uniquedu and mobile game portal operator

China Expert network