Chinese digital solutions provider Dmall closes $418.5m in Series C round

Dmall, a Chinese provider of digital solutions to traditional retailers, has completed a Series C funding round at 2.8 billion yuan ($418.5 million).

The Series C round was jointly led by an equity investment platform of China’s Industrial Bank and Chinese government fund China Structural Reform Fund, said Dmall’s president and co-founder Zhang Feng at the Third Beijing Consumer Goods Expo & Digital Retail Summit in Beijing on Friday.

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