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ShihuiTuan Raises Another US $196 Million in the C3 Round of Financing with INCE Capital’s Follow-up Investment
ShihuiTuan Raises Another US $196 Million in the C3 Round of Financing with INCE Capital’s Follow-up Investment
On November 30, ShihuiTuan, a company previously
invested by INCE Capital, announced the completion of the C3 round of financing
of US$196 million. INCE Capital committed new investment in this round.
This round of financing was jointly led by Alibaba
and Jeneration Capital and followed by Kunlun Capital, Funds of CICC Capital,
CDH Investment, GGV Capital, Joy Capital, Qiming Venture Partners, INCE Capital
as well as Cygnus Capital which also served as the financial advisor for this
round.
This is the fourth round of financing secured by ShihuiTuan
in 2020. It will continue to support small and medium businesses to increase
their income and expand sales channels for local brands and agricultural
products.
