<article>Shenzhen-based smartphone repairing firm Huishoubao has raised $45 million in Series B round led by <a href="https://www.dealstreetasia.com/?s=Strait+Capital+Investment+Group" target="_blank" rel="noopener">Strait Capital Investment Group</a>.</article>

Shenzhen-based smartphone repairing firm Huishoubao has raised $45 million in Series B round led by <a href="https://www.dealstreetasia.com/?s=Strait+Capital+Investment+Group" target="_blank" rel="noopener">Strait Capital Investment Group</a>.
Other investors like Source Code Capital, SMC Capital China and existing investors <a href="https://www.dealstreetasia.com/?s=CITIC+Capital" target="_blank" rel="noopener">CITIC Capital</a>, and <a href="https://www.dealstreetasia.com/?s=Chengwei+Capital" target="_blank" rel="noopener">Chengwei Capital</a> also participated, according to a China Money Network report.
Started in 2014, Huishoubao raised $15 million in Series A round led by Shanghai-headquartered investment firm Chengwei Capital last year in May. The company also raised an angel funding earlier.
Huishoubao claims to have recycled several million second-hand mobile phones, serving nearly one million users. It refurbishes the used phones and puts them back to the market, or sells to mobile phone suppliers.
Asia-focused private equity company Strait Capital Investment Group specialises in providing growth capital to its partners. It has deployed close to $1 billion and generated top-tier returns for its investors, according to its website.
The investment firm currently manages $240 million of assets under management within the China Consumer Fund, which invests in consumer-related companies.
SMC Capital China focuses on investing in the mid-market, growth stage cross-border China consumer upgrade plays while Source Code Capital is an emerging VC in China with over $750 million and RMB 3 billion AUM. Since its inception in 2014, Source Code Capital has focused its investments in three themes- internet, AI-enabled and global.
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<a href="https://www.dealstreetasia.com/stories/chinas-huishoubao-pockets-15m-series-a-investment-led-by-chengwei-capital-42722/" target="_blank" rel="noopener">China’s Huishoubao raises $15m series A investment led by Chengwei Capital</a>

Shenzhen-based smartphone repairing firm Huishoubao has raised $45 million in Series B round led by Strait Capital Investment Group.

China: Smartphone recycling firm Huishoubao raises $45m led by Strait Capital

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China: Smartphone recycling firm Huishoubao raises $45m led by Strait Capital

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