AAA IDG helps drop off series B for Linqu

IDG helps drop off series B for Linqu

IDG Capital Partners, a venture capital affiliate of media company International Data Group, has taken part in a series B round for China-based food delivery service Linqu, China Money Network reported on Monday.

The round, which is reportedly sized at $10m, was led by VC firm Qiming Venture Partners.

Founded in 2014, Linqu operates a mobile app that enables users to order consumer goods and takeaway food and have them delivered. The company claims it processes 16,000 orders per day.

IDG Capital Partners had already participated in a May 2015 series A round, the size of which has not been disclosed.

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