Wangjiahuan closes RMB600m Series B led by Meituan Dianping

Agricultural products distributor Wangjiahuan has completed a Series B financing round of 600 million yuan led by Meituan Dianping. The company’s existing shareholder Hidden Hill Capital also participated in the round.

Agricultural products distributor Wangjiahuan has completed a Series B financing round of 600 million yuan led by Meituan Dianping. The company’s existing shareholder Hidden Hill Capital also participated in the round.

The proceeds will be used to expand Wangjiahuan’s businesses across China, establish urban distribution centers and product procurement platforms, and improve the products’ quality.

Established in 1995, Wangjiahuan is an operator of an agricultural product logistics platform. The company’s platform offers agricultural product cultivation, logistics and distribution, agricultural product processing, catering management, e-commerce, and large-scale agricultural product distribution.

As of now, the company has over 130 branches and subsidiaries with over 20,000 corporate and institutional clients, including governments, schools, hospitals, restaurants, and supermarkets.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/07/wangjiahuan-closes-rmb600m-series-b-led-by-meituan-dianping/.

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