Chinese social e-commerce site Beidian bags $126m funding

Photo by li tzuni on Unsplash

Chinese e-commerce site Beidian has secured 860 million yuan ($126 million) from a group of heavyweight investors including Hillhouse Capital and Sequoia Capital.

Other investors in the round include Xiang He Capital, Sinovation Ventures, IDG Capital and Capital Today, according to an announcement on Sinovation Ventures’ WeChat page on Thursday.

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