IDG Capital led a $120m series D funding round in Xiaoe-tech.

IDG Capital, an investment and asset management firm, led a $120m series D funding round in Xiaoe-tech, a SaaS platform, with participation from Qiming Venture Partners, GGV Capital and GL Ventures. The funding will help the company invest more in product and technology research, continue to build up development, operation and service teams, and further improve its sevice system.