Classified Ads Site Baixing.Com Completes $100M Series D Round

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Shanghai-based Chinese classified advertising website Baixing.com has received US$100 million series D financing from undisclosed investors, according to unverified Chinese media reports.

Representatives at Baixing.com did not respond to inquiries to confirm the news.

The proceeds will be used to enhance user experience and customer service, team-building and continued platform development, especially on mobile Internet.

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