Chinese auto parts supplier raises $25m in Series A
Mancando, an automotive parts supplier based in Guangdong province, has raised RMB170 million ($25 million) in Series A funding led by Eastern Bell Venture Capital, with participation from Legend Capital.
Founded in 2015, the company primarily serves over 95,000 auto repair factories in 13 Chinese cities and provinces including Beijing, Zhejiang, Shandong and Chongqing, through a network of 1,100 outlets....
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