Chinese e-commerce platform Qianmi secures $8m
Qianmi.com, a Chinese e-commerce system and technology service provider, has received RMB50 million ($8 million) in Series A funding from Bang Sheng Capital, a subsidiary of state-owned Govtor Capital.
Founded in October, Qianmi helps merchants to set up e-commerce websites and provides system maintenance services, including online payment. It serves more than 2,000 corporate clients from first-tier and second-tier cities, with monthly transaction more than RMB2.5 billion.
The new funding will be used to improve its services, helping e-commerce site operators to optimize user experiences, according to a statement.
Govtor Capital, also known as Jiangsu High-Tech Investment Group, has raised 46 investment funds since its inception in 1992. It has over RMB30 billion in assets under management, covering about 500 early-stage companies in new energy, new materials, healthcare and information technology sectors.
Bangsheng Capital focuses on information and biomedical investments.
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