Smile Trading, the China-based owner of student-focused trading platform Anlaiye, has closed a RMB200m ($30.4m) series A+ round featuring clothing company Zhejiang Semir Garment, according to Marbridge Consulting.
Semir Garment, along with investors including Talent Capital and Binghui Yourong Capital, provided RMB130m of the funding, while the other RMB70m came from an undisclosed Chinese state-owned enterprise.
Anlaiye’s core business spans some 800 campuses across 40 cities, and it also offers services covering game publishing, financial services for tuition, entrepreneurship, consumer goods, and internships and employment and training for students.
The series A+ round is expected to close at between RMB200m and RMB250m and is being raised at a RMB1.2m valuation.