Jiuxian.Com Raises $80M In New Funding Round

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Beijing-based alcoholic beverage e-commerce company Jiuxian.com has raised RMB500 million (US$80 million) in its seventh round of financing from little known Merrysunny Wealth and other unnamed institutional and individual investors, according to a company announcement.

The company says its valuation has been increased to RMB6.5 billion (US$1.05 billion) after this new round.

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