Tencent-backed XiaoETong bags $120m in a Series D round led by IDG Capital

Tencent-backed XiaoETong bags $120m in a Series D round led by IDG Capital

XiaoETong, a Chinese business services platform backed by tech giant Tencent, has secured $120 million in a Series D round of financing led by the asset management firm IDG Capital, as per a company statement on Tuesday.