Jiangsu Longliqi led a $30.7m round as part of a strategic partnership with the consumer goods delivery service, which is already backed by Fosun and Bosideng.
China-based consumer goods logistics provider 8dol has closed a RMB200m ($30.7m) series B+ round led by cosmetics and health food producer Jiangsu Longliqi Group, China Money Network reported today.
The investment is part of a strategic partnership that will see the two companies will work together to identify emerging consumer trends among the country’s youth.
Founded in 2013, 8dol has developed a mobile app that enables users to have consumer goods and products from convenience stores delivered to university halls…
