Chinese cross-border e-commerce platform Club Factory has raised $100 million in a Series D round of financing led by investors including Chinese venture capital firm Qiming Venture Partners.
The Series D round saw the participation of Club Factory’s existing shareholders Bertelsmann Asia Investments (BAI), the investment platform of German media, services and education firm Bertelsmann, and Frees Fund, an investment company co-founded by IDG-Accel’s former partner Li Feng, BAI announced in a statement on its WeChat official account on Friday. The transaction was completed earlier this year.
