Tencent has led a $160m series D round for business-to-business e-commerce platform Zhenkunhang that was also backed by return investor Legend Capital.
China-based industrial e-commerce platform Zhenkunhang secured $160m today in a series D round led by internet group Tencent that included Legend Capital, the venture capital firm formed by conglomerate Legend Holdings.
The corporates were joined by Matrix Partners China, the local affiliate of US-headquartered early-stage investment firm Matrix Partners, as well as venture capital firm Eastern Bell Venture Capital and Genesis Capital, the growth equity fund launched by former Tencent investment managers Richard Peng and Kurt Xu.
Founded in 1996,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
