China Digest: Ant Financial backs Ubox Online; xyb2b raises funding

China Digest: Ant Financial backs Ubox Online; xyb2b raises funding

Chinese e-commerce behemoth Alibaba has reinforced its new retail business with a recent major investment in vending machine operator Beijing Ubox Online Technology. Meanwhile, xyb2b, a wholesale e-commerce platform, has raised $100 million in its Series B+ funding round.

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