KZMall closes a USD 60 million Series B round led by Genesis Capital, with the funds intended to support growth in China's auto market. It plans to build central and provincial warehouses and upgrade its IT and logistics systems. Genesis Capital co-founder Peng Zhijian comments on the potential of the automotive-parts market.
FreshBuddy, a China e-commerce platform, completes a USD 100 million Series B financing. Genesis Capital leads the round; SIG, DCM, and Vision Plus Capital also participate. Genesis Capital founder Richard Peng previously served as a vice president of Tencent Holdings.
FreshBuddy completes a $100 million Series B financing led by Genesis Capital, with SIG participating as a co-investor. DCM and Vision Plus Capital also participate in the round, and China Renaissance acts as FreshBuddy’s exclusive financial advisor for the transaction.
Zhangmen completes a US$120 million Series D financing round from Genesis Capital and Warburg Pincus. DaHui represents Genesis Capital as legal counsel, with partner Chris Chen leading the representation.
