Chinese Brand Promotion Engine Shopal Secures $29.17M In Series B+ Round

Shopal, a solution provider for online and offline retailers in China, has secured RMB200 million (US$29.17 million) in a series B+ financing round led by the country’s textiles and clothing enterprise Youngor Group Company Limited, said Chinese local media. According to the media report, the company’s previous investor Cathay Capital Private Equity, a global investment platform with €2.1 billion (US$2.46 billion) of assets under management, also participated in this round. Proceeds of this round will be used to promote the company’s self-owned high-end …

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