China social e-commerce player Beidian gets $126m
Beidian, a Chinese membership-only social e-commerce website, has raised RMB860 million ($126 million) from a group including Hillhouse Capital and Sequoia China Capital.
Sinovation Ventures, Gaorong Capital, IDG Capital, Capital Today, and Xiang He Capital also participated. The fresh capital will go toward upgrading the company’s supply chain, according to a statement....
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