Bertelsmann Asia Leads $10M Series A In Gtxh.Com

Changsha city, Hunan Province-based Chinese online steel trading platform has completed US$10 million series A financing led by Bertelsmann Asia Investments, according to Chinese news reports.

The company says it will use the proceeds on improving its backstage and data processing capabilities, as well as on establishing offline facilities.

Founded in 2006, is an integrated e-commerce site providing comprehensive steel industry information and trading.

This January, Beijing-based steel industry trading website also received US$34.8 million series C financing led by Bull Capital Partners and Sequoia Capital.