Legend Capital led a $100m round for social commerce platform Tongcheng Life that also featured existing backer Bertelsmann Asia Investments.

Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, has led a $100m series B round for China-based community buying platform developer Tongcheng Life, Tencent News Yixian has reported. Bertelsmann Asia Investments (BAI), a corporate venturing vehicle for media group Bertelsmann, also participated in the round, as did venture capital funds Engage Capital…

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