China-based luxury e-commerce platform Taoshijie has closed a $30m series B round led by women’s fashion e-commerce company Mogujie, China Money Network reported on Wednesday.
The round, which has not yet been officially confirmed, also included venture capital firm Source Code Capital and other, unnamed investors.
Launched in August 2014, Taoshijie’s e-commerce platform enables shoppers in China to purchase luxury consumer goods imported from overseas.
In conjunction with Mogujie’s investment, the two companies have formed a strategic partnership to complement each other’s offerings that will involve them sharing supply chain resources as well as improving user experience.
Source Code Capital provided $2.5m in series A funding for Taoshijie in July 2014, having previously supplied $320,000 in angel funding in 2013.