(Yicai Global) Oct. 20 -- Chinese renewable resources recovery firm Xiandou raised CNY100 million (USD15.09 million) in its B-round funding led by Maison Capital with support from Golden Brick Capital, Tendence Capital and the Low-Carbon Industry Fund, online media outlet Jiemian News reported.

The firm will use the funds for logistics and warehousing and to expand around the Pearl River Delta and Yangtze River Delta.

Xiandou collects used cardboard and cartons from enterprise-level customers and transports them to a self-operated packing factory. It then uses packing machines to recycle the paper and sell it on to paper-making factories.

The firm builds its own warehousing, logistics and information systems and currently operates in China's capital Beijing and the nearby municipality of Tianjin.