Existing investors Sequoia Capital and Bertelsmann Asia also participated in the round.
Bertelsmann co-led the company’s $5m Series A round in April 2013 alongside Zhen Fund. The two firms and Sequoia participated in Dayima’s $10m Series B in September that year.
Other companies backed by Ceyuan include online fashion retailer Farfetch, which raised a $66m Series D round led by Vitruvian last month.
Farfetch currently has annual sales of $275m and year-on-year growth of 100 per cent.
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