The Fosun-backed wedding services marketplace will use the proceeds from the series D-1 round to further develop its AI and big data technologies.
Hunliji, a China-based wedding services marketplace backed by diversified conglomerate Fosun, raised $70m yesterday in a series D-1 round led by investment group Orchid Asia, according to an announcement on its WeChat account.
Matrix Partners China, a local affiliate of US-headquartered private equity and venture capital firm Matrix Partners, also took part in the round, which increased the company’s overall funding to approximately $170m according to China Money Network.
Founded in 2013, Hunliji operates an online platform that helps users…
