Convenience store management software provider XianLife has raised an eight-figure sum from investors including Megvii and SBI Investment.

Beijing XianLife E-Commerce, a China-based business-to-consumer food retailer, has raised an undisclosed amount from investors including facial recognition technology provider Megvii, China Money Network has reported.

The round, sized in the eight-figure dollar range, included a South Korean consortium led by SBI Investment, part of financial services provider SBI, that also contained investment vehicles for telecoms technologies provider K-Net, financial services firm Woori Bank and Korea Investment Partners.

XianLife was founded in 2014 to provide operational and integrated solutions to…

James Mawson

James Mawson is founder and chief executive of Global Venturing.