China Dealbook: Guangzhou Weimeizi raises Series B funding; Cathay Capital backs homes products firm ABS

China Dealbook: Guangzhou Weimeizi raises Series B funding; Cathay Capital backs homes products firm ABS

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

Investment firms Orchid Asia Group and Eastern Bell Ventures have invested in the Series B funding round of Chinese personal care products maker Guangzhou Weimeizi. Also, Cathay Capital has invested in home furnishing products retailer ABS.

Guangzhou Weimeizi raises funds from Orchid Asia, Eastern Bell Ventures

Chinese personal care product maker Guangzhou Weimeizi Individual Nursing Articles Co Ltd has received series B round of financing from investment firm Orchid Asia Group and venture capital firm Eastern Bell Ventures, according to a report by China Money Network.

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