Chinese Smart Garbage Recycling Platform Xiaohuanggou Raises $164M Series A Round


Chinese online smart recycling platform Xiaohuanggou announced that it has raised a RMB1.05 billion (US$163.67 million) series A round from Beijing-headquartered asset management firm Zhongzhi Enterprise Group. The firm said its post-money valuation reaches RMB6 billion (US$935 million). Founded in 2017, Dongguan, Guangdong-based Xiaohuanggou is owned by Paithink Group, an investment company that focuses on fintech. It places smart garbage recycling machines close to residential areas, hotels and business centers. With Xiaohuanggou’s app and WeChat mini-program, users can locate the …

Chinese Smart Garbage Recycling Platform Xiaohuanggou Raises $164M Series A Round appeared first on China Money Network.


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