JD.com-backed recycling operator Wanwu Xinsheng nets over $100m

Wanwu Xinsheng Group - Aihuishou

Wanwu Xinsheng Group, formerly known as Aihuishou, has garnered more than $100 million in its Series E+ round of funding co-led by long-term backer JD.com and new investor Guotai Junan International, according to a company statement on Tuesday. 

The fresh round was joined by existing investor Fresh Capital while a clutch of new investors including Shanghai International Group’s Shanghai Guohe Modern Service Industry Equity Investment Management, and JD Logistics’ Huihe Capital and Temasek-backed InnoVen Capital also participated in the funding. 

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