Chinese O2O retail platform Dmall gets $418m Series C
Dmall, a Chinese digital solutions provider for traditional retailers, has raised a Series C of RMB2.8 billion ($419 million) led by Industrial Bank and China Structural Reform Fund at a valuation of $2 billion.
Existing backers Tencent Holdings, IDG Capital, and CMB International re-upped. Other investors include Hong Kong-listed Hengan International Group, Lenovo Capital, a government guidance fund representing...
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