Bertelsmann Asia Investment was among the investors that contributed to the cross-border e-commerce platform's series C round.
China-based online fashion retailer Club Factory has secured $100m in a series C round that included Bertelsmann Asia Investment (BAI), a corporate venturing subsidiary of media group Bertelsmann, AVCJ has reported.
The corporate was joined by venture capital group IDG Capital as well as VC fund Frees Fund and venture firms Kunlun Venture Capital and ZhenFund.
Founded in 2014, Club Factory has built a cross-border e-commerce platform with 10 million registered users that sources items from a network of more…
