Sequoia Leads $60M Round In E-Commerce Firm Wangzhu Group

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Sequoia Capital has led a US$60 million financing round in Wangzhu Group, an e-commerce platform for the construction material and home decoration sector in China, according to announcements made at a press conference in Hangzhou, Zhejiang province.

E-house Capital, the investment arm of New York Stock Exchange-listed real estate services firm E-House (China) Holdings Limited, also participated in the round.

China Money Network

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