US-based publisher International Data Group’s corporate venturing unit has joined a consortium investing $20m in China-based online services provider Guangzhou Yiji Network Technology.
As well as IDG Capital, Yiji’s series B round also included venture capital firms Trust Bridge Partners and Hong Kong firm Big Profit.
Founded in 2009, Yiji provides e-commerce outsourcing services for Midea, Joyoung, Supor, and Phillips Electronics.