AAA August 2017 – Page 16

Yiguo raises $300m as Tmall partnership proves fruitful

Yiguo, a China-based online fresh produce retailer, has secured $300m from Tmall, a business-to-consumer e-commerce platform operated by e-commerce group Alibaba, China Money Network reported today. Founded in 2005, Yiguo sells fresh food to consumers in 310 cities across 27 Chinese provinces. The company operates a network of independent, cold-chain logistics facilities in 10 cities,… Continue reading Yiguo raises $300m as Tmall partnership proves fruitful

Channel 4 gets in step with Carspring

UK-based online used vehicle marketplace Carspring has secured £5m ($6.6m) in a series B round featuring e-commerce holding group Rocket Internet and broadcaster Channel 4’s Commercial Growth Fund, TechCrunch reported on Monday. Carspring’s platform was launched in mid-2015 and provides used cars sourced from a network of used car dealers, selling them with a six-month… Continue reading Channel 4 gets in step with Carspring