Sequoia Capital has led a US$50 million series B+ round in Shanghai-based used goods swap app Xiangwushuo, which promotes a green and environmentally friendly lifestyle. Hillhouse Capital, IDG Capital, GGV Capital, Matrix Partners, ZhenFund and other investors also participated in the deal. Founded in 2017, Xiangwushuo allows users to swap a wide variety of used items free of charge on a point redemption scheme. Data from the company show that as of July this year, the number of users has exceeded 20 …

Sequoia Leads $65M Series B+ Round In Used Goods Swap App Xiangwushuo appeared first on China Money Network.