Orchid Asia Leads $70M Series E Round In Chinese Medical Cosmetology Platform Soyoung – China Money Network
Beijing-based medical cosmetology platform SoYoung today announced that it has raised a US$70 million series E round at unicorn valuation led by private equity firm Orchid Asia Group. The latest round witnessed the participation of new investors BOC International Holdings Limited (BOCI) and Russia-China Investment Fund (RCIF), as well as existing investor Matrix Partners China. Founded in 2013, SoYoung’s online platform allows users to share their plastic surgery experiences and offers a plastic surgery e-commerce platform connecting consumers and clinics. It has attracted 25 million users in five Asian countries, the company says.