Venture Capital
Sequoia Capital’s growth fund has led a series C round worth of hundreds of millions of USD in Chinese cross-border e-commerce firm Jollychic, valuing the firm at US$1 billion. Existing investor Legend Capital also participated in the round, according to Legend Capital’s announcement on its official WeChat account. Founded in 2012, Hangzhou-based Jollychic sells consumer products including clothes, shoes, bags, lingerie and home products, mainly to customers in the Middle East. It has offices in China, the U.S., Jordan, Saudi … Chinese E-commerce Firm Jollychic Gets Investment From Sequoia Capital At Unicorn Valuation appeared first on China Money Network.

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