Beijing Fenbeitong Technology Co Ltd, a Chinese corporate expenditure management start-up, has raised RMB85 million (US$12.36 million) in a series B round of financing led by the country’s venture capital firm Bojiang Capital, according to a statement on Wednesday. Existing shareholders also poured money into the new round, said IDG Capital in the statement released […] IDG-Backed Chinese Business Expenses Management Start-Up Closes $12M comes originally from China Money Network. All Rights Reserved.