Alibaba invested $857m for a 15% share of the furniture retailer as part of the round, which included Taikang Insurance.
E-commerce group Alibaba has paid approximately $857m for a 15% stake in China-based furniture retailer Beijing Easyhome Furnishing Chain Store Group as part of a RMB13bn ($2.04bn) funding round.
The round also featured insurance firm Taikang and private equity firms Yunfeng Capital and Harvest Capital, the latter of which invested $228m according to Asian Venture Capital Journal.
Founded in 1999, EasyHome operates a chain of 223 stores across 29 Chinese provinces and municipalities that sell furniture, home improvement and building…
