58.com's online marketplace spinoff secured $100m in a Xiaomi-led series D1 round having already received earlier funding from Tencent.
Consumer electronics producer Xiaomi has led a $100m series D1 round for China-based online marketplace operator Zhuan Zhuan, DealStreetAsia reported on Friday.
Venture capital firm Shunwei Capital and private equity fund Advantech Capital also participated in the round.
Zhuan Zhuan has built an online platform where users can buy and sell a variety of second-hand consumer products including clothing, homeware and electronics.
The company also operates a business-to-business subsidiary called Caihuoxia, which received $45m in a series C round led…
