Chubby Bear, a Chinese business-to-business (B2B) trading platform for home furnishing materials, has raked in $400 million from CMC Capital Group and Softbank, among other investors.
The financing comprised two tranches, including a Series C round led by CMC Capital Group, and a Series C+ round led by SoftBank Group Corp’s Vision Fund 2, according to a statement on Monday. CMC Capital Group is an equity investment firm founded by Chinese media mogul Li Ruigang.
