Shenzhen Venture Funds Invest $150M In Chinese Rural E-commerce Platform Maihuolang

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Several Shenzhen-based RMB funds, including Shenzhen New Industry Venture Capital, Shenzhen Weiji Investment Company and Qianhai Great Wall Fund Administration (Shenzhen) Co., Ltd. have invested RMB1 billion (US$150 million) in a series A round in Maihuolang, a Beijing-based e-commerce platform serving China’s rural communities.

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