Tencent leads USD 160 mln funding in ecommerce platform Zhenkunhang

Wednesday 19 June 2019 11:22 CET | News

Tencent has lead a USD 160 million in Series D financing round in China-based industrial ecommerce platform Zhenkunhang.

The investment was also joined by Eastern Bell Capital, Genesis Capital, Legend Capital, and Matrix Partners China.

In total, Zhenkunhang has raised a total of USD 374 mln in funding over the past four rounds.

Zhenkunhang is a B2B trading and procurement services platform focused on industrial products, including maintenance, operation, and repair (MRO) products. Zhenkunhang’s mission is to enable enterprises to operate more efficiently by tapping on the smart supply chain and an industrial network covering the whole country.

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Keywords: Tencent, ecommerce, China, Zhenkunhang
Countries: World