Chinese online-to-offline (O2O) community group buying platform Tongcheng Life has garnered $200 million in a Series C round of financing to enhance its supply chain capabilities and expand its presence in eastern and southern China.
The Series C round was led by Nasdaq-listed Chinese social media platform Joyy Inc and existing shareholder Engage Capital, an early-stage venture capital firm that counts Joyy as a key limited partner (LP).
