Chinese E-commerce Giant Leads $70M Round In Online Producer Retailer
Chinese e-commerce site and Alibaba rival JD.com is putting its money into fresh fruit and vegetables after it led a $70 million Series C round in FruitDay, a company that sells fresh produce across China.
The investment in six-year-old FruitDay, which claims to be China’s largest online produce firm, also included participation from previous backers Susquehanna International Group (SIG) and ClearVue. See JD.com post at TechCrunch.
