09/05/2019
Volanews Middle East
Chinese social e-commerce platform Beidian(贝店)completes a new round of financing
Chinese social e-commerce platform Beidian completes a new round of financing, invested by Hillhouse Capital Group - 高瓴资本, Sequoia Capital, #XiangheCapital, and Sinovation Ventures, with exact investment value unrevealed.
Beidian was formed in August 2017 as a social e-commerce platform. Spreading by the socialization between men, it achieves a triple link between consumers, sellers, and supply chains, running 200 thousand goods in 12 categories including home, clothing, food, beauty, maternal and baby, and fresh foods. The goods come mainly from “brands’ direct supply+factory selection+direct purchase in place of production+importation from around the globe”. In March 2019, the MAU of Beidian has grew by 549.6% to reach 13.29 million.
(source: https://www.volanews.com/portal/article/index/id/1752.html)
(picture source: iresearch.cn)