Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

LifeMedia Receives Second Round Funding

Sina Tech, 3/10/10

LifeMedia, operator of Chinese video-based dining and entertainment review site 100du.com, has reportedly received several million USD in second-round funding. Details of the agreements are still being finalized with several investors and are expected to be announced soon, according to an industry source.

The source said that Mizuho Financial Group joined the second round, which was led by returning first-round investor Mitsui Ventures.

Senior management at LifeMedia confirmed the investment news, and revealed that this round of funding will mainly be used towards its latest business, Ftuan.com. The website is a clone of US-based group purchasing e-commerce site Groupon.com, offering discounts as high as 90% off on consumer services for groups of a sufficient size.

LifeMedia, established in 2007, released 100du.com the same year and completed USD 3 mln in first-round funding at the end of that year.

Keywords: LifeMedia Mizuho online reviews Internet funding 100du Mitsui Ventures second-round e-commerce

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports