Tencent, Hengan International and Lenovo Capital helped the offline-to-online retail platform's series C round, which will fund research and development work.
China-based digital retail technology provider Dmall has closed a RMB2.8bn ($419m) series C round featuring internet group Tencent, napkins and nappy producer Hengan International and electronics producer Lenovo, DealStreetAsia reported today.
The round was co-led by the government owned China Structural Reform Fund and financial services firm Industrial Bank, the latter through an equity investment platform.
Futian Guiding Fund, Tianya Capital and IDG Capital also took part in the round, as did CMB International, a subsidiary of China Merchants Bank,…
