Shenzhen-based CassTime Technologies, a B2B platform for auto parts and accessories, announced today that it had raised a RMB250 million (US$36million) series B3 round led by Mangrove Bay Capital. Existing investor including Fosun RZ Capital and Shunwei Capital, and new investor Shanghe Capital and also participated in this round. Together with series B2 round from Fuqi Capital and Zuoyu Capital in March and series B1 round from Fosun RZ Capital and Shunwei Capital, CassTime has raised a total of RMB650 …

Mangrove Bay Capital Leads $36M Series B3 Round In Auto Parts E-commerce Platform CassTime appeared first on China Money Network.