China's new unicorn: Secondhand electronics platform Aihuishou now worth US$1.5 billion

Aihuishou’s latest funding round is the largest yet for a secondhand electronics platform

In July 2018, Chinese startup Aihuishou, a secondhand electronics platform, received US$150 million in a Series E funding round led by Tiger Fund with the participation of funding, the world's largest for the secondhand electronics industry, quadrupled the company's valuation to US$1.5 billion.Founded in 2011, Aihuishou is the most successful secondhand electronics platform in China. By purchasing used electronic devices such as smartphones, laptops and tablets from customers through mail order, self-service machines and brick-and-mortar stores and reselling them at higher prices, t...
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Edited by Wendy Lovinger

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