Sold off from Grainger this past September, the company is now China-owned and gaining momentum.
May 13th, 2021
MyMRO
Shanghai-based MyMRO formerly Grainger China until Grainger sold off the unit in September 2020 announced Wednesday that it has completed a new round of financing.
The company said it has raised several hundred million yuan, or at least $30 million USD, in a B-round of financing led by China investment firm FountainVest Partners.
Grainger first announced the Grainger China divestment in June of 2020 in a move aimed at focusing more on key businesses and geographies. It was bought by Zhou Yanhua the former general manager of Grainger China and China-based venture capital firm Sinovation Ventures. The transaction completed Sept. 9 of last year, upon which Grainger China immediately raised another several hundred million yuan in A-round financing, led by Sinovation.
CCP Is ‘Enemy of Humanity’: Victims Call for World to ‘Unite’ Against It
CANBERRA, Australia Representatives of Tibetan, Uyghur, and Falun Gong groups that have been victimised by the Chinese Communist Party (CCP) have called on world leaders to unite against the regime.
Kalsang Yonten Tipnak, the president of the All Australian Tibetan Community, said it was time for the free countries of the world to unite in their efforts to “combat human rights abuses around the world.”
“It is high time that the international community muster enough courage and commitment to substantively register their protest against high-handed Chinese atrocities against Tibetans and other oppressed peoples under the CCP rule such as Uyghurs, Southern Mongolians, and Hongkongers,” he said.