On October 10th, Shengxianchuanqi announced that it has over 100 stores and has completed the 300 million B round of financing, with a valuation of 3 billion yuan. This is less than 11 months from the first round of 200 million financing announced in November last year. It is reported that this round of financing was actually completed as early as August, led by IDG Capital, Sequoia Capital, Black Ant Capital and so on.
Capital began to enter a cyclical winter in the second half of this year, and the success of the Shengxianchuanqi financing has undoubtedly brought a touch of warmth to the retail industry, which has not been thriving recently. According to Wang Wei, chairman of Shengxianchuanqi, in the future, in addition to opening more stores and expanding to more cities, it will open up urban and regional cooperation in the future.
Source: Lingshou