JD-backed Zhenyun Technology snags $102m in Series C round

Photo: illustration Internet archive

Shanghai Zhenyun Technology Co., Ltd, a digital purchasing platform for enterprises, announced on Monday that it has raised a total of 650 million yuan ($102 million) in its Series C round.

DragonBall Capital, the investment arm of Chinese consumer products and retail services giant Meituan, served as the lead investor for the round.

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