Chinese second-hand goods trading platform raises $65m
Sequoia Capital China has led an extended Series B round worth $65 million for Xiangwushuo, a Chinese online trading platform for second-hand goods. The company, which was founded as recently as 2017, has now raised $110 million in cumulative funding.
Hillhouse Capital, IDG Capital, GGV Capital, Matrix Partners China, and ZhenFund also took part in the round. ZhenFund provided angel funding to Xiangwushuo and this was reportedly followed by three quickfire...
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