Plum, a used luxury fashion e-commerce platform, announced on November 1 that it had completed a C round of financing worth $100 million. Zhuanzhuan, a Tencent-backed leading used goods trading marketplace in China, made the strategic investment.
Jin Ke, the general manager of Xianyu, a second-hand goods platform owned by Alibaba Group, was officially transferred to AliExpress last week. At present, Alibaba Vice President Liu Bo is directly responsible for Xianyu.
Last week, while not too eventful in terms of the number of VC deals in China, saw at least three interesting investments.
China's e-commerce giant JD.com’s second-hand commodity trading platform "Paipai" will undergo a strategic merger with China's largest electronic product recycling platform "Aihuishou".