Tencent Eyes Smart Retail By Backing $297M Series B Round Of Fresh Food Chain Brand

Chinese internet giant Tencent has led a RMB2 billion (US$297.04 million) series B round in Yipin Shengxian, seeking to equip the fresh food chain supermarket with its smart retail solutions, said Tencent in a statement released on Friday. China-focused US$2.5 billion private equity firm Capital Today, Shanghai-based Eastern Bell Venture Capital, and Longzhu Capital, a […]

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