The cross-border e-commerce platform has completed a $59.5m series C round led by the Alibaba-headed Electronic World Trade Platform, boosting its total funding to about $85m.

E-commerce group Alibaba’s Electronic World Trade Platform has led a RMB400m ($59.5m) series C round for China-based imported goods marketplace KK Guan, China Money Network reported yesterday.

Investment firm Hongtai Capital Holdings and venture capital firms Matrix Partners China, Bright Venture Capital and Shenzhen Capital Group also contributed to the round, which had closed by the end of 2018 according to China Money Network.

KK Guan runs an e-commerce platform that allows users to buy imported products such as snacks and…