SoftBank Vision Fund 2 and CMC Capital Partners led a $400m Series C+ financing round in XPX Holdings.

SoftBank Vision Fund 2, a fund with a goal to invest in AI-based technology, and CMC Capital Partners, a private equity firm focused on growth investing in Greater China's Media, led a $400m Series C+ financing round in XPX Holdings, a company focuses on building B2B trading platform for the sale of interior design materials and other related services. "The decoration and building materials industry has a lot of market space, but the efficiency of the procurement process has been relatively low. Xiaopangxiong has created an efficient and professional one-stop service, which has greatly improved the foreman and The experience of the decoration company. We have seen the value of digitization and standardization to the industry, and we also support the company's vision of deepening the integration and improvement of the decoration and building materials supply chain," Chen Xian, CMC Capital Partner and Chief Investment Officer.