Womai Co., Ltd. announced that it will receive $200 million in funding from Baidu, Inc., Taikang Life Insurance Corp., Ltd., Asset Management Arm. and other investors

Womai Co., Ltd. announced that it has received $200 million in its series C round of funding led by new investor Baidu, Inc. and Taikang Asset Management Co., Ltd. on October 12, 2015. The transaction included participation from two new investors. Baidu, Inc. invested $20 million in the transaction.