China Digest: Alibaba-backed Baozun buys Singapore’s Full Jet; Monad raises $30m

Chinese e-commerce service platform Baozun has acquired Singapore’s luxury brand management company Full Jet Limited. In a separate development, Monad has raised 200 million yuan ($30 million) in a Series A round of financing jointly led by Lucion and ABclonal.

Alibaba-backed Baozun buys Singapore’s Full Jet

Alibaba-backed Chinese e-commerce service platform Baozun Inc., has picked up all shares in the Singapore-based luxury brand management company Full Jet Limited, according to a company statement. The deal size was undisclosed.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter