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.