Chinese product design platform Lanhu joins unicorn club with GGV-led $157m round

Chinese product design platform Lanhu joins unicorn club with GGV-led $157m round

Ren Yanghui, founder and CEO of Lanhu, speaks at a company press conference in Beijing on October 23, 2021. Source: Lanhu

Lanhu, a startup that operates an online product design collaboration platform, has secured 1 billion yuan ($156.6 million) in a Series C+ round of financing led by venture capital firm GGV Capital to become the latest unicorn in China’s cloud-based software field.