Fresh Capital Leads $20M Series B Round In Chinese Social E-commerce Start-up

News Source: China Money Network.

Chinese social e-commerce platform Wanwu Xinxuan has raised US$20 million in a series B round of financing led by the country’s consumer sector-focused venture capital firm Fresh Capital, shows information updated on Chinese business data provider Tianyancha on Mondya

Returning investor Redpoint China Ventures also poured money in this round.

Launched in August 2018, Wanwu Xinxuan was formerly known as “Bon Bon”, an online retail platform selling children’s apparels, shoes and accessories. The company also helps young mothers to open their own “online boutique maternal store" on the platform.

The company has reached cooperation intentions with more than 4000 brands in 19 countries around the world, with ...

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