The new round of funding will be used to expand the company’s operations and hiring China’s O2O space continues to see*regular and generous funding rounds despite warnings of a capital winter. On Monday, Renren Kuaidi*or*‘Everyone’s Express’ (our translation), a Sichuan-based crowdsourced delivery*platform,*announced the completion of an*RMB50 million (about US$7.7 million) round of Series B funding....
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