Lianlian, a China-based e-commerce engagement technology developer backed by e-commerce group Alibaba’s financial services affiliate, Ant Group, has raised almost RMB100m ($14.4m) from undisclosed investors, Iyiou has reported.
Founded in 2013, Lianlian provides a location-based online platform that helps companies in the academic, finance, retail and hospitality sectors to reach online and offline customers through technologies including artificial intelligence, big data and mobile internet.
The company secured an undisclosed amount last month from Invention Capital, a vehicle co-founded by Ant Group and startup community Xiaofanzhuo, as well as Aqua Ventures and THE Investment Management (also known as THE Capital), Sohu reported, citing business data aggregator Tianyancha.
Cypress Capital and Harvest Fund’s Ample Harvest Finance provided a similarly undisclosed amount for Lianlian’s series A round in early 2019, two years after a round of undisclosed size backed by Beihang Investment.
Lianlian had previously received an undisclosed amount of pre-series A funding in 2016, having raised an initial $1.6m from angel investor Yu Minhong two years earlier. It is not to be confused with payment services provider Lianlian Pay.
