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ZXMoto now valued at RM3.5 billion after funding
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ZXMoto now valued at RM3.5 billion after funding
Chinese motorcycle manufacturer ZXMoto has secured an exclusive investment from HSG Group, formerly known as Sequoia Capital China, lifting the company’s post-investment valuation to CNY6 billion (RM3.5 billion), according to Chinese media reports. The investment amount was not disclosed by either party when the deal was announced. However, The Paper reported that HSG invested CNY150 million (RM88 million) in the Chongqing-based motorcycle maker…
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