Black Unique closes Series A+ financing round

Membership-based privileged e-commerce platform Black Unique announced that it has completed a Series A+ round of tens of millions of US dollars in May, which was led by Eastern Bell Venture Capital with participation from INCE Capital Partners.
This is the second financing round for Black Unique after Series A round led by INCE Capital Partners in April this year.

Membership-based privileged e-commerce platform Black Unique announced that it has completed a Series A+ round of tens of millions of US dollars in May, which was led by Eastern Bell Venture Capital with participation from INCE Capital Partners.

This is the second financing round for Black Unique after Series A round led by INCE Capital Partners in April this year.

Proceeds from the latest round of financing will be used for user subsidies to further expand the user level, and at the same time used as a supplement to operating funds.

As of the end of 2019, Black Unique had more than 50 million users, with more than 25 million monthly active users.

At present, Black Unique can provide more than 200 preferential privileges and aggregate five major high-frequency life consumption scenarios of “eat, drink, play, entertainment, buy”. After completing this round of financing, the company will upgrade the user’s rights and interests, subsidize users, and achieve a rapid increase in the user’s magnitude, so as to obtain more advantageous and more integrated commodity prices with the supply chain.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/20/black-unique-closes-series-a-financing-round/.

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