Dianxiaomi, an enterprise resource planning tools developer for cross-border e-commerce platforms, as closed its 150 million yuan ($23 million) Series B round jointly led by GGV Capital and Chinese alternative assets manager CDH Investments, per a company statement on Monday.
Beijing-based fund Kunlun Capital also participated in the round.
The proceeds of the funding will be used for product innovation, market expansion and recruitment.
Shenzhen-based Dianxiaomi helps SMEs operate their overseas e-commerce businesses across 32 platforms including Amazon, eBay, Shopify, AliExpress, among others.
Dianxiaomi, set up in 2014, claims to have approximately 70,000 users.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on January 18-19, 2021.
