Comment on Enterprise Social Service Mingdao Secured 20 Million Yuan Financing After Spinning Off From Meihua by Team Collaboration Service Teambition Pockets US$5M Series A Funding, Releases New Product Lines - TechNode

['Emma Lee', 'More Emma Lee', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2013-08-21 00:00:00

Mingdao, a yammer-like enterprise social service, announced yesterday that it had span off from parent company Meihua.info as an independent firm and secured 20 million yuan ($3.24 million) from Whales Capital in Pre-A Series financing (source in Chinese). Mingdao started as an experimental project of Meihua, which has injected more than 10 million yuan in the company. Screenshot of MingdaoRen XiangHui, CEO of the company, disclosed that Mingdao will announce major product updates this week that include a task center. In addition, Mingdao planned to invest heavily in the development of open platforms, including an independent team to oversee the sector. Facishare, which also started as a Yammer-style service and then decided to follow Salesforce, raised Series A funding from IDG earlier this year.