New retail

A plum position for fashion retail

The e-commerce platform for second-hand fashion products has raised $20 million to help it sell high-end luxury on the cheap.

E-commerce platform Plum completed a follow-on Series B fundraising on Thursday

The follow-on funding totalled around $20 million and was led by Japanese information platform Recruit Holdings Existing investors including Matrix Partners China, Qiming Venture Partners and Unity Ventures all participated

The follow-on Series B funding comes a year after the Beijing-based company's previous round Plum raised more than $10 million Series B funding in August 2018, led by Matrix Partners China along with IDG Capital and Qiming

Plum is a platform which sells second hand luxury products, predominantly shoes, bags and clothes The platform was launched in 2017...

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