Perspectives
Ma Yufeng, CEO of Shandong-based B2C tea retailer Huaxia Chalian Chaye (Maimaicha.com), announced today that the site recently secured nearly RMB 100 mln in first-round funding from Luxin Venture Capital Group, Shenzhen Capital Group, and two other firms.
Luxin provided details of its investment in Huaxia Chalian in an external investment announcement released yesterday, saying that its wholly-owned subsidiary Shandong High-Tech Venture Capital signed an agreement in Jinan on October 10 with Huaxia Chalian to invest a further RMB 20 mln in the company.