E-commerce site raises $110m despite trade tensions

Although it was only founded last year, Aikucun.com has already raised $207 million. But new regulations and a trade war could hamper growth.

Chinese social media e-commerce startup Aikucun.com has raised $110 million in a follow-on Series B round of funding from Sinovation Venture, GGV Capital, United Media FOFs and BA Capital, it said on Monday.

It is Aikucun’s third fundraising so far this year. In May, it raised Rmb100 million $14 million Series A funding from Eastern Bell Venture Capital. Quick on its heels, it then raised $83 million Series B funding in July, led by Legend Capital together with Eastern Bell and Xiamen CD.

Founded only last year, Aikucun provides a platform for two kinds of products. One is storage for goods for brands that...

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