Maimai, a Chinese professional social network, raised $200m in Series D funding round.
The round – which brings total funding raised to date to $300m and reportedly valued the company to more than $1 billion – was led by DST with participation from existing investors IDG, Morningside Venture Capital, and DCM.
The company intends to use the funds to continue to expand its offering.
Launched in the fall of 2013 by Lin Fan, chief executive officer, Maimai provides a platform that connects professional workers and offer employment opportunities. The service, which claims it has over 50 million users and 3 billion monthly page views. earns from advertising and premium customer subscriptions.