Chengwei Capital has led a nearly RMB100 million (US$15 million) series A round in a Shenzhen-based mobile phone recycling start-up Huishoubao, with participation from CITIC Capital, according to Chinese media reports. Established in 2014, Huishoubao received several million U.S. dollar angel investment in August 2015. The company says it will use the latest proceeds to […]

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