Warburg Pincus bets on Chinese e-commerce platform

Warburg Pincus has invested in Chinese B2B e-commerce platform Yijiupi as it tries to gain a foothold in the country's booming FMCG sector.

Warburg Pincus has invested $100 million in Chinese B2B e-commerce platform Yijiupi's follow-on Series D funding.

Proceeds will be used to expand Yijiupi’s services and to build a retail presence.

Yijiupi started life as a wine wholesaling platform in 2014. It received more than $159 million between 2014 to 2016, from investors such as Meituan, Lighthouse Capital and Source Code Capital. In September last year, it raised $200 million from Tencent, China Everbright Limited, Meituan and others.

With support from big players like this, Yijiupi expanded its business to non-alcoholic beverages in 2016, and then to supply chain finance in 2017. The platform...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222