JD.com backed QianDama raised $143m in Series D funding round.

JD.com-backed QianDama, a fresh produce retailer completed raising $143m in the Series D round of financing. The latest round was led by Costone Capital, with the participation of existing investor Genbridge Capital,Taikang Insurance Group, JD Investment, Immensus Capital and Lighthouse Capital. Proceeds from the latest financing will be used for business development, online sales growth, industrial chain integration, logistics and distribution operation improvement, and technology center innovation.