(Yicai Global) Aug. 22 -- Maimai, LinkedIn's main competitor in China, has received a USD200 million cash injection in what is so far the world's largest financing round in the field of professional social networking, news site 36Kr reported.
Investment company DST Global led the D funding round in Taoyou Tianxia Technology Development, the Beijing-based company behind the Maimai app, the report said, citing an announcement from the company yesterday. Previous investors IDG Capital, Morningside Venture Capital and DCM Ventures also took part.
Set up in 2013, Maimai boasts 50 million registered users on its platform, outpacing LinkedIn China's 41 million, and plans an initial public offering next year.
Editor: Ben Armour