China's group buying platform Xingsheng Selected nears $800m deal

China's group buying platform Xingsheng Selected nears $800m deal

Source: Gareth Hubbard/Unsplash

Chinese community group buying e-commerce platform Xingsheng Selected is set to raise about $800 million in new funding after the coronavirus pandemic strengthened consumer demand for fresh groceries, said two people with direct knowledge of the matter.