trending Market Intelligence /marketintelligence/en/news-insights/trending/2BU3FmY9lEfp6FTqQvzHyA2 content esgSubNav
In This List

Report: Qiming, others pour $100M into Chinese e-commerce firm Club Factory

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Blog

Europe: 5 key OTT trends to watch in 202

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Report: Qiming, others pour $100M into Chinese e-commerce firm Club Factory

Venture capital firm Qiming Venture Partners LLC led other investors in infusing $100 million of Series D capital into Club Factory, a Chinese e-commerce platform focused on the Indian market, DealStreetAsia reported.

Club Factory's existing shareholders — Bertelsmann Asia Investments and Frees Fund — also participated in the latest funding round.

Club Factory will use the new funding to develop its "open platform strategy" by expanding its product range, attracting more Indian local merchants and developing its data management services, according to the report.