The classified listings site, an eBay spin-out, reportedly raised the capital in a series E round backed by Citic, Suzhou High-tech and Shenzhen Capital.

Baixing.com, the China-based online classified listings service spun out of e-commerce company eBay, has raised RMB 2.2bn ($354m) in series E funding, China Money Network reported today, citing Chinese media reports.

Investors in the round reportedly included state-backed investment conglomerate Citic, venture capital firm Suzhou High-tech Venture Capital Group and private equity firm Shenzhen Capital Group, though Baixing has not as yet confirmed the news.

Baixing operates an online classified listings service that as of March 2015 had 10 million…

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