<article><a href="http://www.dealstreetasia.com/?s=iXiandou" target="_blank">iXiandou</a>, a Beijing-based paper recycling startup, has received a series A investment led by <a href="http://www.dealstreetasia.com/?s=Tendence+Capital" target="_blank">Tendence Capital</a>.</article>

<a href="http://www.dealstreetasia.com/?s=iXiandou" target="_blank">iXiandou</a>, a Beijing-based paper recycling startup, has received a series A investment led by <a href="http://www.dealstreetasia.com/?s=Tendence+Capital" target="_blank">Tendence Capital</a>.
<a href="http://www.dealstreetasia.com/?s=Aqua+Ventures" target="_blank"> Aqua Ventures</a>, an existing investor in iXiandou, also participated in the round that is worth tens of millions of RMB, according to China Money Network.
Founded in 2014, Tendence Capital is a Chinese venture fund established by Wu Ronghui, an ex-director of <a href="http://www.dealstreetasia.com/tag/intel-capital/" target="_blank">Intel Capital</a>’s China unit and aims to make investments in spaces like mobile health, digital media, ecommerce, consumer service, online to offline and industrial internet.
The investment led by Tendence Capital will be used by iXiandou for client expansion, building warehouses and foraying into other services.
&#8220;Waste material recycle is generally thought of as a low-tech, traditional and somewhat disrespectful industry,&#8221; said Fang Hao, founder of iXiandou. Hao sees the recycling work a trillion RMB market.
iXiandou provides recycling service to business clients, mainly handling paper boxes and other materials. Mobile Internet is aimed to be used by iXiandou to improve the company’s management including waste collection, packing and logistics.
They are currently partnering with convenient stores, hospitals, shopping malls and offices to collect paper boxes and other materials to recycle.
China is a top destination where waste is imported. Figures reported by the Guardian show that China imported about 7.4 million tonnes of discharged plastic and 28 million of waste paper mainly that comes from Europe. This came as EU legislation encourages recycling more of the waste and increasing landfill charges.
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iXiandou, a paper recycling startup supported by mobile network has received a series A investment led by Tendence Capital.

China: Paper recycling startup iXiandou snaps series A from Tendence

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China: Paper recycling startup iXiandou snaps series A from Tendence

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