The cross-border e-commerce marketplace has received an undisclosed eight-figure renminbi amount from Weibo, which will help boost its livestreaming capabilities.

Internet company Weibo has provided ‘several hundred million’ renminbi (RMB100m = $14.3m) in funding for China-based e-commerce platform Ymatou in the form of series D financing, 36Kr reported on Monday. The investment was supplied alongside RMB100m in equity financing from a social media influencer known as Niurougem, who promotes food through livestreaming. Ymatou runs a…

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