Chinese venture capital firm Sequoia Capital China has led a RMB380 million (US$57 million) series A1 round in Xingbianli, a checkout-free convenience store operator that focuses on placing snack bars in offices. China Renaissance Group, Vision Plus Capital and existing investor Lightspeed China Partners also participated in the round, according to a company announcement. It marks the four-month-old checkout-free convenience store operator’s second financing rounds, following a RMB100 million (US$14 million) angel round led by Lightspeed just two months ago. …

Sequoia Leads $57M Round In Chinese Checkout-Free Store Xingbianli appeared first on China Money Network.