Home furnishing digital platform Quan5 closes RMB100m Series B+ round

The home furnishing digital platform Quan5 announced that it has completed a Series B+ round of financing, raising nearly 100 million yuan. This round was led by a well-known US dollar fund, with participation from existing investors Fosun RZ Capital and Oriental Fortune Capital.

The home furnishing digital platform Quan5 announced that it has completed a Series B+ round of financing, raising nearly 100 million yuan. This round was led by a well-known US dollar fund, with participation from existing investors Fosun RZ Capital and Oriental Fortune Capital.

Proceeds from this round of financing will be used to strengthen the information flow and data flow of the entire industrial chain, expand the to-B business channel and establish its own product brand matrix.

Established in 2016, Quan5 is a e-commerce platform designed for home furnishings. The company solves the problem of low-frequency drainage of household online shopping, the difficulty of burning money captures stable and accurate customer flow and improves conversion rate from offline to online, in order to achieve cost reduction and efficiency of the internet consumption, enabling clients to use various traffic channels to improve service providers’ efficiency.

To date, Quan5 has established cooperation with well-known supply chain production enterprises in the industry such as Sleemon, Mlily, DeRUCCI, and also 80% of the top 50 decoration companies in the industryone the one hand.

On the other, the company also forms strategic cooperation with real estate developers such as Greenland, Country Garden, Haier Real Estate and others.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/30/home-furnishing-digital-platform-quan5-closes-rmb100m-series-b-round/.

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