Hillhouse-backed Chinese cloud-enabled home décor unicorn Kujiale acquires Modelo

Hillhouse-backed Chinese cloud-enabled home décor unicorn Kujiale acquires Modelo

The management team of Chinese cloud-enabled home design and decoration unicorn Kujiale and US-based SaaS startup Modelo

Six months after its entry into the unicorn club, Chinese cloud-enabled home design and decoration unicorn Kujiale.com has acquired all shares in US-based SaaS startup Modelo, as it seeks to upgrade itself into a comprehensive architectural solutions provider.

Financial details of the acquisition remained undisclosed.

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