Qiming Leads Series B Round In Mobile App Linqu

Shanghai-based Linqu, a Chinese mobile app offering last mile delivery services for fast-moving consumer goods and food, has completed an undisclosed series B round of financing led by Qiming Venture Partners, according to Chinese media reports.

Existing investor IDG Capital Partners also participated.

The round is reportedly worth US$10 million.

The company completed an undisclosed series A round early 2015.

Founded in March 2014, Linqu says it records 16,000 orders daily with 250,000 registered delivery staff.

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