Tencent and Primavera said to bankroll grocery delivery startup
Funding round involving multinational conglomerate and private equity giant values Xingsheng Youxuan at $3bn, sources say
29 June 2020 - 11:26
Investors including Tencent Holdings and private equity giant Primavera Capital are joining a funding round that values Chinese grocery delivery startup Xingsheng Youxuan at $3bn, people familiar with the matter said.
The two companies are bankrolling one of the more recent entrants to a sector galvanised by the pandemic...
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