Announced
Completed
Financials
Sources
Tags
Acquisition
Domestic
online marketplace
Private
China
used goods marketplace
E-commerce
Friendly
Completed
Minority
Venture Capital
Single Bidder
Synopsis
Zhuanzhuan, a used goods marketplace, led a $100m Series C round in Plum, a China-based online retailer specialising in second-hand apparel and accessories. The strategic investment will make Plum’s second-hand fashion goods available on Zhuanzhuan’s platform. So far, Plum, which claims to have the largest user base in China, has amassed over 2k luxury brands on its platform.
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