Chinese antique e-commerce start-up raises $80m Series C

News Snapshot:

Wanwu Dezhi, a Chinese e-commerce platform specializing in antiques, has closed a $80 million Series C round co-led by Huaxing Growth Capital and Source Code Capital. Other investors include GGV and United Media FoFs, which is backed by state-owned Shanghai United Media Group. The company's name is the opposite of a Chinese idiom, "wanwu sangzhi," which means pursuing...