Announced
Financials
Sources
Tags
Minority
Domestic
Single Bidder
Private Equity
Friendly
digital purchasing
Completed
Acquisition
digital services
Venture Capital
Digital Services
China
Private
Synopsis
DragonBall Capital, a private equity firm, led a $102m Series C round in Shanghai Zhenyun Technology, a digital purchasing platform for enterprises. Additional investors include Ab Initio Capital, Unicorn Capital Partners, C&D, Redpoint China Ventures, Blue Lake Capital and Eastern Bell Capital. Zhenyun plans to shore up its global expansion plans, and work on pipeline products, among others.
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