The second-hand goods trading platform has completed a $20m series B-plus round co-led by Recruit and will use the proceeds to expand its product range.

China-based e-commerce marketplace Plum has confirmed it has raised $20m in a series B-plus round co-led by human resources firm Recruit.

Private equity firm Siguler Guff co-led the round, which included venture capital firms Matrix Partners China, Qiming Ventures and Unity Ventures. The amount, in addition to most of the investors, had been reported by 36Kr recently.

Founded in 2015, Plum has built an online platform that enables users to purchase and liquidate second-hand luxury items including fashion products…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.