China-based, female-focused fashion e-commerce company Ichuanyi has raised $10m in a series B round backed by e-commerce platform JD.com, China Money Network reported today.
Temasek Holdings, the sovereign wealth fund of Singapore, also participated in the round via its wholly-owned subsidiary Vertex Venture Holdings.
Ichuanyi previously secured RMB 12m ($1.9m) from private equity fund Meridian Capital China in its 2013 series A round.
The company will use the new funding to expand its supply chain and build a brand service centre, as well as to improve its product offering and services.