Chinese industrial e-commerce platform Zhenkunhang has raised $160m to develop its B2B industrial products and services trading operation. The company is looking for a partner that can help it expand into the US market, where there are currently no major players in this space. It brought the company’s total funding to $374m.
Chinese industrial e-commerce platform Zhenkunhang has raised $160m to develop its B2B industrial products and services trading operation. The series D funding was led by Tencent and backed by Eastern Bell Capital, Genesis Capital, Legend Capital and Matrix Partners China. It brought the company’s total funding to $374m.