CITIC PE, Hillhouse Lead Series E Round In FXiaoKe

Beijing-based mobile office solution provider FXiaoKe has completed an undisclosed series E financing round led by CITIC Private Equity Funds Management Co., Ltd. (CITIC PE) and Hillhouse Capital, according to Chinese media reports citing a press conference hosted by the company.

Existing investors IDG Capital Partners, DCM and Northern Light Venture Capital also participated in the round.

Founded in 2011, FXiaoKe initially provides sales management software tools for Chinese companies, supporting field operation management, distribution chain management, customer relationship management.

It has since transitioned to one-stop services and products offering mobile office solutions to Chinese companies.

In July 2015, the start-up said it had completed US$100 million series D round of financing from IDG Capital Partners, DCM and Northern Light Venture Capital.

Before that, it received US$10 million series B financing led by Northern Light Venture Capital (NLVC) in July 2014, and completed US$50 million series C round led by DCM in December last year.

China Expert Network