JD.com has agreed to lead a $500m round for Aihuishou and will merge its own second-hand e-commerce platform Paipai with the electronics recycler.

China-based electronics recycling service Aihuishou agreed a funding round sized at more than $500m today which will be led by e-commerce firm JD.com, China Money Network reported. Tiger Global Management, Morningside Venture Capital, GenBridge Capital, Tiantu Capital and Fresh Capital also participated in the round. Founded in 2011, Aihuishou operates a consumer-to-business platform that enables…

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