United Media FOFs was among the participants in the antiques e-commerce platform's fifth round, which will fund platform development and human resources activities.
China-based online antiques marketplace Wanwu Dezhi has completed an $80m series C round featuring, United Media FOFs, a fund of funds backed by media company United Media, DealStreetAsia reported today.
Venture capital firm Source Code Capital co-led the round with investment bank China Renaissance’s Huaxing New Economy Fund, and it included VC firm GGV Capital. United Media FOFs also counts several government-guided funds among its backers.
Founded in 2018, Wanwu Dezhi operates an online platform with more than 42 million…
