Returning investor Legend Capital has participated in a round that valued the cross-border fashion e-commerce platform at $1bn.

China-based e-commerce platform Jollychic has raised a nine-figure dollar sum from investors including Legend Capital, the venture capital firm sponsored by conglomerate Legend Holdings, China Money Network reported on Monday.

VC firm Sequoia Capital led the series C round, which values Jollychic at $1bn, through its growth fund. Legend Capital’s participation was revealed through its WeChat account.

Jollychic runs an online platform with 35 million registered users that sells China-sourced clothing, accessories, shoes, lingerie and home products to an international…