April 23,2018--the domestic leading Social E-commerce Yunji announced its completion of Series B financing of USD$120mn. CDH Investments led this round of financing and Huaxing Capital Partners and other funds made co-investment. China Taihecap served as the exclusive financial advisor of the financing.

Xiao Shanglve, Founder and CEO of Yunji disclosed through social media on that day that this round of financing would be used to further integrate the upstream supply chain, improve AI big data infrastructure and enhance logistics & warehousing capacity of each region, empower more small and micro startups in the social e-commerce field so as to create more social values.

As a pioneer of social e-commerce, Yunji officially went live on May 2015. Yunji integrates the commodity supply chain, logistics, IT, customer service and other resources and opens them to shop keepers to realize cloud resource sharing. The key to the rapid rise of Yunji is to endlessly minimize the cost of shop keepers by enabling industrial chain and social crowdsourcing promotion traffic.