Furniture renovation and services platform Shengong007 has received $25m in series C funding from Alibaba, with which it is building offline retail stores.
E-commerce group Alibaba has provided $25m of series C funding for China-based interior decoration services platform Shengong007, China Money Network reported yesterday, citing local technology news platform 36Kr.
Also known as Shengong Zhongzhi Science & Technology, Shengong007 operates an online platform that allows users to buy home furnishings and source professionals for their installation, maintenance and renovation.
The company is present in more than 300 Chinese towns and cities. The funding will go to building out a chain of brick-and-mortar…
