Chinese venture firm Eastern Bell Venture Capital has led a RMB40 million (US$6 million) series A round in Haizol.com, an industrial parts e-commerce vertical, with participation by Woofoo Capital, the venture capital arm of Tsinghua Asset Management.
"Haizol is another investment that Eastern Bell has made in the industrial manufacturing sector, after our investments in the forklift supply chain, auto part supply chain, and maintenance, repair and operation (MRO) supply chain," said Zhu Yinchun, a partner at Eastern Bell, in an announcement. "We think Haizol is the best platform helping industrial parts processing companies find the best materials online. With the investment, Eastern Bell will support Haizol's development with our resources and experience in the logistics industry."
The round comes after two other business-to-business e-com...
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