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Shanghai Xinguo handles surplus goods and sells discounted products through apps and stores.
Founded in 2014 and based in Shanghai, Shanghai Xinguo manages surplus goods and sells discounted products through online apps and physical stores. It has collaborated with over 1000 brands and, as of 2023, had over 100 buyers and more than 250 stores across over 10 cities. In September 2020, it raised CNY 16 million in Series A funding from GSR Ventures, Sky 9 Capital and other investors.
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