China: Ameba Capital leads Series A round in rural e-commerce site Taoshihui

China: Ameba Capital leads Series A round in rural e-commerce site Taoshihui

A logo of Alibaba Group is pictured at its headquarters in Hangzhou, Zhejiang province, China, October 14, 2015. REUTERS/Stringer CHINA OUT

Taoshihui, an e-commerce platform targeting China’s rural population, has raised $46 million in Series A funding.

The round was led by Alibaba-backed Ameba Capital, with participation of CITIC Capital, QF Capital and Alibaba’s ex-chief operating officer Li Qi.

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