China electronics recycling platform raises $46m
Huishoubao, a Chinese online recycling platform for electronic devices, has raised a RMB300 million ($46 million) Series B round led by Asia-focused private equity firm Strait Capital Investment Group.
Existing investors Source Code Capital, Chengwei Capital, CITIC Capital and SMC Capital also participated in the round. Founded in July 2014, Huishoubao allows people to recycle used laptops, mobile...
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