Maimaicha.com, a Chinese B2C vertical provides online retail of tea today announced raising RMB hundreds of millions (US$ 15 million) in Series A round of funding from four domestic venture capitals.

The funding will go towards website upgrading, warehousing expansion as well as diving deeper into upstream industry chains, according to the Shandong (eastern China) province-based company.

Ma Yufeng, its CEO said the company has set up one warehouse in Ji’nan city of Shandong province at which it headquartered while a Beijing warehouse is currently under construction.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.