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In last week's VC news, direct-to-consumer e-commerce platform Cider bags $130 million for brand building, Xiaomi backs AI company Studio 51, Didi rival Caocao rakes in a massive $589 million round, while TikTok owner ByteDance leads a $31 million round for healthcare services platform Haoxinqing. Chinese direct-to-consumer e-commerce firm Cider raises Series B round led by DST Global Cider , a Chinese direct-to-consumer (DTC) e-commerce platform, announced Thursday that it had completed B-round financing worth $130 million, led by DST Global and followed by Greenoaks Capital and A16Z. Cider's current valuation is over $1 billion, making it one of the…
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