Taikang Life leads $220m round for China’s Womai
Taikang Life Insurance has led a $220 million Series C round of funding for Womai.com, an online grocery shop under Chinese state-owned food conglomerate COFCO, valuing the company at approximately $1 billion.
Chinese search giant Baidu, Yunlong Capital and Yang Guang Ronghui Capital - a PE fund of Sunshine Insurance - also participated. COFCO remains the largest shareholder in the firm. This is Taikang Life...
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