Resident Home, an American home furnishing e-commerce company, has recently received a financing of US$130 million. Resident Home said that the new financing will be used for the company's business expansion, including the expansion of the company's offline stores, and the company will also use the newly obtained financing to strengthen the existing supply chain system. In 2020, the company's turnover has surged by 100% year-on-year, and it has achieved profitability for the first time, which is also a major reason why the company can obtain large financing.
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