China’s Cross Border E-commerce Platform Hibobi Raised Millions of Dollars in an Angel Round Funding Led by 01 VC

China’s cross border e-commerce platform Hibobi raised millions of dollars in an angel round funding led by 01 VC. Yiren Capital was the exclusive financial adviser of this investment which will be used on marketing, building of supply chain system and technology R&D.

Established in 2019, Hibobi focuses on matching consumers with the right products and pinpointing consumers’ needs through supply chain upgrade and data development. With the middle east market as its starting point, it aims to provide effective and satisfactory shopping experience for consumers of baby products.