Chinese ecommerce startup pockets $100M

“Club Factory, an AI-based ecommerce company that sells clothing, accessories, electronics and other items, has raised a $100 million round. The Series D was led by Qiming Venture Partners, with participation from Bertelsmann, IDG Capital and others, per TechCrunch. The Chinese business reportedly plans to use the funding to expand its operations in India.”

https://pitchbook.com/newsletter/chinese-ecommerce-startup-pockets-100m


Club Factory

https://m.clubfactory.com/home

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