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Aihuishou gets USD150 million in latest funding
2018-07-12
July 12, 2018--Aihuishou, an online second-hand consumer electronics trading platform, said yesterday that it raised US$150 million in the latest round of financing, giving the company a market value of US$1.5 billion.
Tiger Global Management and JD.com led the latest investment. Previously, Aihuishou had secured four rounds of financing valued at a total of US$132 million, with investors including Morningside, JD.com, IFC, Cathay Capital, Tiantu Capital and Greenwoods Investment.China Taihecap served as the exclusive financial advisor.
Founded in 2011, Aihuishou pays consumers for used smartphones and iPads and re-sells them for profit.
Source: https://archive.shine.cn/business/it/Aihuishou-gets-US150m-in-latest-funding/shdaily.shtml
