Shanghai Buttonwood Capital invests in China jewelry site
Shanghai Buttonwood Capital has led a $1 million Series B round of funding for zhubao.com, a Chinese jewelry e-commerce vendor, for an undisclosed stake.
The latest round took place in May, according to local media. The jewelry site received a first round of funding from PreAngel Partners last October.
Shanghai Buttonwood is an angel and early stage investment firm with a focus in mobile internet, digital media and entertainment, fast-moving consumer goods (FMCG) and clean energy.
Zhubao.com aims to provide a C2C platform to allow jewelers selling goods online. It has so far attracted about 100 online sellers, for items including gold, silver, diamond and jade.
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