Temasek Participates in Latest Round in Grocery App Xingsheng Youxuan
Posted on 02/19/2021
Xingsheng Youxuan is a Chinese grocery shopping app. Xingsheng Youxuan raised around US$ 2 billion in a new funding round. Sequoia Capital China lead this latest investment round. Other investors in the round include Tencent Holdings Limited, KKR & Co, Primavera Capital Group, FountainVest Partners, property developer China Evergrande Group, Hengda, DCP and Temasek Holdings.
Tencent Holdings invested US$ 100 million in this round.
Tencent Holdings is an early backer of Xingsheng Youxuan.
Xingsheng Youxuan is headquartered in Changsha, the capital city of Hunan province.
