Beijing-based mobile social app developer Maimai.cn has completed US$20 million series B financing led by IDG Capital and MorningSide Ventures, according to Chinese media reports.
Maimai.cn previously received US$5 million from MorningSide Ventures last year.
Established in 2013, Maimai.cn helps users discover new friends by analyzing their contacts and their Chinese social media postings.
The app has established a total of 40 billion “social links” and the information of 200 million personal business cards. It provides a platform for career professionals to develop business social networks.
