Wandou Gongzhu – a Chinese e-commerce platform that sells Japanese premium products to Chinese customers – has raised JPY5.3 billion ($48m) from SBI holdings, pharmacy chain Sugi Holdings and Xinjin Holding, the cross-border alternative investment arm of CITIC Group.
Founded in 2015 and also known as Wonderful, Wandou is a B2B2C platform similar to Alibaba Group’s Tmall, serving as a channel through which Japanese brands can sell products to Chinese consumers. It…