China: Legend Capital leads inventory distribution startup Aikucun's $87m Series B

Women's fashion. Photo by Unsplash

Shanghai-based inventory distribution startup Aikucun has raised an $87-million Series B round led by Legend Capital and joined by Eastern Bell Venture Capital as well as C&D Corp Ltd, the startup said in an announcement.

The round follows a $15-million Series A closed this January. The fresh capital raised will be used for team expansion, research and development, as well as expanding its services, Aikucun said.

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