Delivery service Renren Kuaidi previously secured $15m in a Tencent-led series A round, though the China-based investor in its latest round has not been disclosed.
Renren Kuaidi, a China-based crowdsourced delivery platform backed by internet company Tencent, has received $50m in series B funding from an unnamed local investor, China Money Network reported today.
Founded in 2011, Renren Kuaidi operates an on-demand local delivery platform that enables anyone to sign up as a courier through the app. The company offers last-mile delivery for consumer goods such as flowers, coffee and presents.
Renren Kuaidi has so far expanded into 27 cities across China and will use…
