Beijing-based fresh produce e-commerce start-up 1Mxian has completed US$15 million pre-B round of financing from Beijing Kunlun Technology o., Ltd., a Shenzhen-listed Chinese Internet services firm, says Chinese media reports.
Beijing Kunlun will take 15% of the company after the completion of the round, and will join the company’s board.
Founded in 2014, 1Mxian currently operates in eleven Chinese cities including Beijing, Tianjin and Shanghai.
Earlier this month, Tencent Holdings Limited led a RMB200 million (US$31 million) series B round in Beijing-based fresh produce e-commerce start-up MissFresh.
In May, Suzhou, Jiangsu province-based fresh produce O2O (online-to-offline) platform FreshMarket completed RMB180 million (US$29 million) series B round led by Tiantu Capital.
During the same month, Shanghai-based fresh produce e-commerce platform Fruitday completed US$70 million series C round of financing led by JD.com Inc.