Huimin, an online goods and services portal targeting community-sized retailers, has now raised some $520m altogether having been backed by Fosun Capital in its latest round.

China-based retail and logistics services provider Huimin has attracted RMB1.6bn ($225m) in funding from investors including Fosun Capital, an investment arm of diversified conglomerate Fosun International. State-owned private equity firm Jinan Industry Development Fund led the round, which included Fortune Capital, GP Capital and China Renaissance, according to China Money Network. Founded in 2013, Huimin…

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