China: Sinovation Ventures leads $40m Series B in m-commerce startup Huajuan

Photo by Manu Camargo on Unsplash

Chinese early-stage VC firm Sinovation Ventures has led a $40 million Series B funding round in online video and m-commerce platform Huajuan Mall, according to a report by China Money Network. The round was joined by return backers Evolution Media China (EMC), Ventech China and Vertex Ventures and new investor Zhiping Capital.

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