Fresh China gets $43m Series B led by IDG
Fresh China, a domestic fresh food retailer also known as Shengxian Chuanqi, has raised RMB300 million ($43.3 million) in a Series B round led by IDG Capital with participation from Sequoia Capital and BA Capital.
The company, which is now valued at RMB3 billion, was established in 2015 by Anhui province-based supermarket operator Letus. It received Series A funding in November of last year. Fresh China operates...
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