Sipai (Beijing) Network Technology Co., Ltd. announced that it has received CNY 400,000,000 in a round of funding co-led by new investors CDH Investment Management Company Limited and CLP Fund; a fund jointly operated by CICC Capital and state-owned China Electronics Corporation on January 10, 2019. The transaction also included participation from new investor IDG Capital Partners Co., Ltd., returning investors Tencent Holdings Limited, Eight Roads Ventures China, and F Prime, Inc.