Chinese secondhand marketplace nets USD 45 million for enterprise business

Zhuanzhuan Group, a secondhand product marketplace operator in China, raised USD 45 million in its Series A financing round for its B2B platform Caihuoxia, led by Zhongding Capital. This brings Caihuoxia’s valuation to USD 140 million, while the transaction volume on the platform increased by 30 times year-on-year during the first quarter of 2021. The company’s most popular product categories…
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