HK-based Hillhouse co-leads $31m Series B1 round in e-commerce platform Songshupinpin

HK-based Hillhouse co-leads $31m Series B1 round in e-commerce platform Songshupinpin

Photo: Shanice Garcia/unsplash.com

Hong Kong-headquartered Hillhouse Capital Group and Magic Stone Alternative Investment (MSA) have co-led a $31-million Series B1 financing round in Beijing-based community group buying e-commerce platform Songshupinpin, China Money Network reported.

Previous investors including IDG Capital, China-focused venture capital firm Sky9 Capital, and Gan Jiawei, a former executive at Chinese on-demand local services firm Meituan.com, also participated in this round.

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