U.S.-based mobile and web e-commerce platform Wish is raising $500 million in new funding at a valuation higher than its previous valuation of $3.5 billion.

Singapore’s state investment company Temasek is among the lead investors in the financing.

Earlier, Wish raised $600 million in funding.

The company was backed by Chinese e-commerce firm JD.com and U.S.venture capital firms GGV Capital, Formation 8, Founders Fund, and DST Global.