Chinese community group buying player receives $14m
Chujia Xinxuan – a community group buying platform under Guangzhou-based Chang Zheng Group - has received RMB100 million ($14 million) from GF Xinde Investment, an investment arm of GF securities.
Chang Zheng Group manufactures maternity and childcare products under the Zichu and Newyerbay brands. Most of its sales come through e-commerce channels such as Alibaba Group's Tmall and JD.com. The company...
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