China's electrical appliance brand Deerma bags $54m in Series B round

China's electrical appliance brand Deerma bags $54m in Series B round

Foshan Shunde Deerma Electronic Appliance

Foshan Shunde Deerma Electronic Appliance Co., Ltd, a subsidiary of e-commerce company Guangdong Feiyu Electronic Commerce Group Co., Ltd, announced that it has raised a total of 380 million yuan ($54 million) in a Series B round of financing from Chinese cross-border private equity firm Cathay Capital, Fortune Capital and Jinyi Capital. 

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter