China: Fresh fruit chain Pagoda raises $230m in series B

Pagoda
Boxes of fruits and vegetables sit at the Hunts Point Terminal Produce Market in the Bronx borough of New York, U.S., on Monday, Nov. 23, 2015. Photographer: John Taggart/Bloomberg

A number of investment firms have shown interest in China’s fresh produce e-commerce industry by investing $230 million in Shenzhen-based fresh fruit chain retailer Pagoda‘s series B funding round.

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