Maimai, China’s biggest rival to LinkedIn, announced that the company received a $200 million D Series investment this April in what the company claims to be the largest funding ever in the professional networking market. With a valuation of at least $1 billion company has been raised to unicorn status.

Global venture capital DST led the funding with the participation of existing investors of IDG, Morningside Venture Capital, and DCM.

In addition, the firm says it plans to invest RMB 1 billion (around $150 million) over the next three years in a career planning program it launched in partnership with over 1000 companies including global top-500 firm Cisco and Chinese renowned firms like Fashion Group and Focus Media.

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