Vertex Venture Leads $30M Series B In E-commerce Site Metao.Com

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Beijing-based Chinese e-commerce firm Metao.com has received US$30 million series B financing led by Vertex Venture Holdings Ltd., a wholly-owned subsidiary of Singapore’s Temasek Holdings, according to Chinese media reports.

Morningside Ventures, Greenwoods Investment and existing investor Matrix Partners also participated.

Representatives at Metao.com did not respond to requests to confirm the news.

The company says it will use the proceeds on brand building, marketing and market share expansion.

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