China’s SAIF invests in COFCO-run food retail site
SAIF Partners has invested in Womai.com, a food and grocery B2C online platform set up by Chinese food conglomerate COFCO. Financial terms were not disclosed but the investment is said to be more than $10 million.
Womai.com said it will use the new capital for marketing and network expansion across the country, 21st Century Business Herald reported. Andrew Yan, managing director of SAIF Partners, said he was impressed...
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