Tencent shifts funding to Shushi

Jul 30, 2020 • Callum Cyrus

E-commerce software startup Shushi has received approximately $14.3m from Tencent Investment through an angel round.

Internet group Tencent has supplied more than RMB100m ($14.3m) of angel funding for China-based enterprise IT product supplier Shushi through its Tencent Investment unit, DealStreetAsia reported yesterday.

Officially known as Beijing Shushi Yunchuang Technology, Shushi has built a software platform that enables distributors of business-to-business products to create e-commerce portals for their services.

The software can create digital invoices and process purchases with a single click and allows clients to adeptly manage product ranges containing a large range of items.

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