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Crescent HydePark Leads $100M Series B In Lili & Beauty

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Shanghai-based cosmetics e-commerce platform Lili & Beauty has completed US$100 million series B financing led by China-focused venture firm Crescent HydePark, according to media reports.

Chinese venture and equity investment firms Milestone Capital and New Access Capital also participated in the round.

Founded in 2007, Lili & Beauty received undisclosed series A financing in 2012.

The company operates the online e-commerce platforms on Alibaba Group Holding’s Tmall platform for brands including Lancôme, Biotherm, Laneige, Nivea, and Pond’s.

It also supplies its inventories to other B2C (Business-to-Customer) e-commerce platforms.

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