Beijing-based O2O (online-to-offline) automobile maintenance service provider eBaoyang has received US$20 million series B financing led by Shenzhen-listed online gaming firm Beijing Kunlun Technology Co., Ltd., according to Chinese media reports.
Beijing Kunlun invested US$11 million, while existing investor Source Code Capital also participated.
Founded in January 2014, eBaoyang launched its services in May 2014. It received US$5 million series A financing from Source Code Capital in October 2014.
Source Code Capital is founded by former vice president of Sequoia Capital China, Charlie Cao. It raised US$100 million for its maiden fund in September 2014.
