News Snapshot:
Chinese e-commerce platform Doublefs raises $100m in fresh round 18/06/2021 Photographer: Nicky Loh/Bloomberg Doublefs, a cross-border fashion e-commerce platform, has closed a new round of financing raising as much as $100 million, per its announcement on Friday. Sequoia Capital China, IDG Capital, 5Y Capital, HIKE Capital and Capital Today have joined the round. Doublefs had secured about $30 million in its angel round last year at a valuation of $150 million. Doublefs founder Jocey Zhang is a former chief technology officer at SoftBank-backed car trading firm Chehaoduo and has served stints with Microsoft, The Walt Disney’s holding video platform Hulu...
