Chinese enterprise solution provider Duiba Group has filed for an initial public offering in Hong Kong. This follows a US$110 million series C round led by private equity firms Orchid Asia Group and TPG in the company last month. Orchid Asia and TPG owns 13.3% and 5.7% stakes of the company before IPO, respectively. Founded in 2014 in Hangzhou, Duiba provides solutions for companies to obtain and manage users on their apps. The company operates a SaaS platform Duiba and …

TPG, Orchid Asia-backed Chinese SaaS Firm Duiba Group Files For HK IPO appeared first on China Money Network.