China: Checkout-free store Xing Bian Li raises $57m led by Sequoia

China: Checkout-free store Xing Bian Li raises $57m led by Sequoia

Chinese Yuan bank notes. Photo: Bloomberg

China’s checkout-free convenience store operator Xing Bian Li has raised an RMB380 million ($57 million) million Series A round led by venture capital firm Sequoia Capital, the China Money Network reported.

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