Chinese 15-Minute Haircut Franchise Xingkeduo Raises $14M Series B Round

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With 58.52% of the Chinese population living in urban areas, services that cater to today’s fast modern lifestyle is flourishing.

The latest business built on this rising demand that has raised capital is Beijing-based 15-minute haircut brand Xingkeduo. The company announced today that it has raised a RMB100 million (US$14.4 million) series B round of financing, according to a statement of Shunwei Capital, who co-invested in the company.

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