Goldman Sachs led a $100m Series C round in Jushuitan.

Goldman Sachs led a $100m Series C funding round in Jushuitan Network Technology, an e-commerce SaaS ERP service provider. The other investors include CICC, an investment management company and Blue Lake Capital, a real estate investment company. "We are able to obtain investment from two major investment institutions, Goldman Sachs and CICC Capital, as well as the continued blessing of old shareholders Blue Lake Capital. This is a great affirmation of Jushuitan! The funds raised in this round will be used for The upgrading and optimization of product and service systems, the creation of a collaborative supply chain, the expansion of overseas markets, and the investment and mergers and acquisitions of the SaaS collaborative ecosystem," Luo Haidong, Jushuitan CEO.