Source Code leads $31m round for China B2B liquor platform
China-based B2B liquor-trading platform Yijiupi has received RMB200 million ($31.3 million) in a Series B funding round led by Source Code, a VC firm created last year by Yi Cao, formerly of Ceyuan Ventures and Sequoia Capital.
Greenwoods Asset Management and Bertelsmann Asia Investments participated in the round alongside Lighthouse Capital, which also served as financial advisor. The investment is said to value Yijiupi at more...
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