Dongguan Yide Network Technology Co., Ltd. announced that it has received CNY 1,938.65 million in funding from JD.com, Inc., Shenzhen Qianhai Xintianyu Capital Management, CMC Capital Partners, Hongtai Capital Holdings, CITIC Securities Investment Limited, INCE Capital Partners, and other investors
July 05, 2021
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Dongguan Yide Network Technology Co., Ltd. announced that it has received CNY 1,938,650,000 ($300,000,000) in series F round of funding led by JD.com, Inc. on July 6, 2021. The transaction included participation from Shenzhen Qianhai Xintianyu Capital Management, CITIC Securities Investment Limited, Harvest Fund, INCE Capital Partners, New Horizon Capital, returning investors CMC Capital Partners, Hongtai Capital Holdings and Jiance Capital. The company has raised more than CNY 4,200,000,000 in funding till date. The round is raised at a post money valuation of CNY 20,000,000,000.
JD.com, Inc. is the No. 2 Chinese consumer Internet sales platform. In parallel to this activity, the group has developed a marketplace to connect third-party sellers with customers. Net sales break down by activity as follows:
- sale of products (85.7%): consumer electronic goods and electrical household goods (60.4% of net sales; computers and peripherals, digital products, mobile phones, TVs, players, loudspeakers, cameras, digital video cameras, games consoles, etc.) and other (39.6%; clothing and accessories, household goods, luxury products, home accessories, personal beauty products, cosmetics, food, media products, leisure goods, sports equipment, etc.);
- services (14.3%).
Dongguan Yide Network Technology Co., Ltd. announced that it has received CNY 1,938.65 million in funding from JD.com, Inc., Shenzhen Qianhai Xintianyu Capital Management, CMC Capital Partners, Hongtai Capital Holdings, CITIC Securities Investment Limited, INCE Capital Partners, and other investors
JD.COM, INC. 
