Chinese social E-commerce platform Yunji has completed a US$120 million Series B funding round led by CDH Investment, with the participation by Huaxing New Economic Fund. Founded in 2015, Yunji currently has 30 self-operated warehouses and more than 30 million consumers, with daily sales exceeding RMB278 million (US$44 million), and the annual turnover in 2017 exceeding RMB10 billion (US$1.58 billion). The main target customers of Yunji are small and medium distribution sellers who have lost their competitive advantage in price …

CDH Leads $120M Round In E-commerce Portal Yunji appeared first on China Money Network.