China Digest: IDG leads $53m funding in; Kaitai backs Niuniuqiche

A packet of former U.S. President Abraham Lincoln five-dollar bill currency is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron/File Photo

IDG Capital has led a $53 million series B round in Chongqing city-based e-commerce platform, while Kaitai Capital invested in the $17 million series C round in new e-car transaction platform Niuniuqiche, the China Money Network reported.

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