Aihuishou, an online platform for consumers to sell used electronics, has secured series C funding from investors including e-commerce company JD.com.
China-based electronics recycling platform Aihuishou has raised $60m in a series C round featuring e-commerce company JD.com, China Money Network reported yesterday.
The round was led by venture capital firm Tiantu Capital, while VC firm Morningside Ventures and International Finance Corporation (IFC), the investment arm of the World Bank, also took part.
Founded in 2011, Aihuishou buys used electronics such as smartphones, laptops and cameras from consumers, who provide information about the device’s condition, through which the company’s platform can…