Beijing Xianlife E-commerce, a Chinese business-to-consumer food e-commerce company, and its unit Hi-24 have landed more than $100 million in a financing round.
The companies raised the funds from a South Korea consortium and Face++face detection, recognition, and analysis platform operator.
SBI Investment Korea led the consortium with participation from Woori Bank’s investment arm, K-Net and Korea Investment Partners.
Previously, Xianlife inked a strategic agreement with Face++ to create an artificial intelligence-powered new retail research institute to advance more solutions for digital retail industry.