Beijing-based big data technology developer and service provider Baifendian Corporation has received US$25 million in series C financing, according to the company’s announcement.
Details of the round’s investors are not disclosed.
Baifendian previously received US$10 million series B financing from Zhejiang Shinkansen Media Investment and IDG Capital Partners in July 2013.
Two years before that, Baifendian received US$7.2 million series A financing from IDG Capital Partners and Mingxin China Growth Fund, according to the company’s disclosures.
The proceeds from the newest round will be used for technology innovation as well as infrastructure and human resources development, says Baifendian CEO Su Meng.
Founded in 2009, Baifendian focuses on providing optimization solution for e-commerce enterprises. It now has four branch offices across China.
