China Digest: E-commerce platform Yunji raises $120m, Shenzhen Capital backs Formlabs' $30m round

China Digest: E-commerce platform Yunji raises $120m, Shenzhen Capital backs Formlabs' $30m round

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

Chinese investors continue to pour money into startups, with e-commerce platform Yunji raising $120 million in a Series B round from CDH Investment and Huaxing Growth Capital and Shenzhen Capital Group backing a $30-million Series C round in Formlabs.

E-commerce platform Yunji raises $120m in Series B

Yunji, a Chinese e-commerce platform focused on online retailers, has raised $120 million in a Series B funding round co-led by CDH Investment and Huaxing Growth Capital, according to a China Money Network report.

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