E-commerce firm Alibaba has provided an undisclosed amount of series C1 funding for China-based smartphone recycling service Huishoubao, China Money Network reported today. Huishoubao had previously raised angel funding from Source Code Capital in 2015, series A funding from Chengwei Capital and Citic Capital in 2016 and a similarly undisclosed amount of series A-plus funding from SMC Capital the same year, before adding $45m in a Strait Capital-led round in October 2017, according to China Money Network.
Alibaba has also…
