Matrix Partners China backs Banniu and 13 more deal updates from Greater China

E-commerce driven platform-as-a-service (PaaS) startup Banniu announced on Thursday that it has pocketed over 100 million yuan ($15 million) in a Series A round of financing led by logistics and supply chain focused Eastern Bell Capital.

Matrix Partners China alongside Guangzhou SIE Consulting’s industry fund participated in the new round, according to a company statement. The corpus raised will be used to develop markets and digital services, and explore accessible scenarios, the statement added.

Bring stories like this into your inbox every day.

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