Chinese community group buying firm Tongcheng Life nets $200m in Series C round

Chinese community group buying firm Tongcheng Life nets $200m in Series C round

Source: Andres Carreno/Unsplash

Chinese online-to-offline (O2O) community group buying platform Tongcheng Life has garnered $200 million in a Series C round of financing to enhance its supply chain capabilities and expand its presence in eastern and southern China.