The 58.com and Tencent-backed Zhuan Zhuan has pulled in series A funding for its business-to-business platform, which is valued at $140m.
Investment firm Zhongding Capital has led a $45m series A round for Caihuoxia, a business-to-business subsidiary of China-based online marketplace Zhuan Zhuan Group, at a $140m valuation, KrAsia reported on Saturday.
Zhuan Zhuan operates an online platform that lets users buy and sell a range of second-hand consumer goods such as electronics and household appliances.
Caihuoxia offers a business-to-business service which works with recycling and retail platforms as well as second-hand mobile device merchants, leveraging artificial intelligence and big data…
