Brand e-commerce service provider Jet Commerce announced that it raised over $60 million in Series B funding round jointly led by Jinqiu Capital, Hidden Hill Capital, and Zhejiang SilkRoad Fund. Hui Capital and other institutions, including ATM Capital, who was involved in a tens of millions of dollars Series A funding round, also participated in […]

Chinese e-commerce SaaS platorm Dianxiaomi has raised $110 million in Series D funding led by SoftBank Vision Fund 2 and Sequoia China, with participation from Tiger Global Management, GGV Capital, and Huaxing Growth Capital. This brings the company’s total funding in 2022 to $210 million. Proceeds from the round will be used to further expand […]

Dianxiaomi, the parent company of BigSeller, Southeast Asia’s ecommerce enabler, has raised US$100 million in its Series C financing round led by Huaxing Growth Capital and Tiger Global Management along with participation from existing investors CDH Investments, GGV Capital, and Gaorong Capital. Dianxiaomi plans to use the fresh funding for product development, talent acquisition, service […]

58.com, considered as China’s largest online classifieds marketplace, announced that it had agreed to acquire the car auction business of Uxin Limited.