Aikucun stocks up with series B funding

Jul 4, 2018 • Callum Cyrus

Legend Capital led an $87.5m round for Aikucun, which helps fashion brands offload excess inventory to online retailers.

China-based fashion e-commerce platform Aikucun has received RMB580m ($87.5m) in a series B round led by Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, China Money Network reported on Monday.

Government-owned diversified holding company Xiamen C&D Corp and venture capital firm Eastern Bell Venture Capital also took part in the round.

Founded in 2017, Aikucun runs an online distribution platform that enables fashion brands to pass on excess stock to smaller online merchants which then sell items…

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