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Chinese plastic surgery social network SoYoung raises US$60m in latest funding

Beijing-based SoYoung’s social network and surgery e-commerce site lets users share their surgery experiences online and connect with clinics

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Beijing-based SoYoung’s social networking platform allows users to share their plastic surgery experiences online. Photo: Corbis

SoYoung Technology, a Chinese plastic surgery social network, raised US$60 million in its latest stage of financing as it continues to build out its customer base and expand its business into different geographies.

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The Series D funding round was led by Apax Digital, a new billion-dollar fund investing in high-growth internet companies worldwide, according to a Tuesday press release. The fund is advised by private equity giant Apax Partners.

The round included CDH Investments, MatrixPartners China and Trustbridge Partners, according to a person with knowledge of the matter.

A procedure at Banobagi Plastic Surgery in Seoul. Photo: Handout
A procedure at Banobagi Plastic Surgery in Seoul. Photo: Handout

Founded in 2013, Beijing-based SoYoung’s online platform allows users to share their surgery experiences. It also offers a surgery e-commerce platform connecting consumers and clinics.

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SoYoung CEO Jin Xing termed Apax “the ideal partner” as the company moves into the next phase of growth to “continue to bring our app and services to a greater number of consumers”.

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