Bull Capital, Sequoia back China online steel trading platform
Zhaogang.com, a Chinese B2B steel trading platform, has received a $34.8 million Series C round of funding led by Bull Capital Partners and Sequoia Capital. Previous investors Matrix Partners and China Renaissance K2 Ventures also participated.
The latest round of financing values the enterprise at $200 million, the company said in a statment. Founded in 2012, Beijing-based Zhaogang handles transaction volumes of 50,000 tons of steel per day,...
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