Fresh Fruit M-commerce App 'U Zhanggui' Wins USD 30 Mln Series B

Iyiou, 3/29/16

Zhejiang-based Jialin E-Commerce, operator of fresh fruit m-commerce app U Zhanggui, announced on March 26 that it has completed USD 30 mln Series B funding from Fengshang Capital and Capital Today. The amount raised will be used for expansion and development in key cities, and to secure greater market share in several core areas.

The services currently provided by U Zhanggui include group fruit buying and home delivery, and express fresh produce delivery for users who live in Shanghai. Orders can be placed either through U Zhanggui's app or through its official WeChat mobile messaging account.

U Zhanggui was founded by Wang Haihui, a former vice president of B2C e-commerce site Yihaodian, and Zhu Pengcheng, another former Yihaodian executive, in August 2015. Jialin E-Commerce previously raised USD 10 mln in Series A funding from Capital Today at an undisclosed time.

Keywords: Jialin U Zhanggui Wang Haihui VC food O2O O2O m-commerce funding wireless Capital Today Series B Zhu Pengcheng Fengshang Capital fresh food mobile application

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily