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CN 2nd-hand Platform Zhuanzhuan Plans to Set Up Int'l HQ in HK
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Chinese second-hand new consumption platform, Zhuanzhuan Group, announced its plan to establish an international business headquarters in Hong Kong, officially launching its global layout. Zhuanzhuan Group was founded in 2015 and currently owns several well-known second-hand consumption brands, including Zhuanzhuan and Plum. The Group has gained support from a number of companies and investors, including TENCENT (00700.HK), XIAOMI-W (01810.HK) and the 58 Group. Its valuation in the previous financing round exceeded US$3 billion (approx. $23.4 billion). Last year, its total revenue surpassed RMB20 billion, with over 400 million registered users and 50 million monthly active users. Auto-translated by AI AASTOCKS Financial News |
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