Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: Yougou Obtains RMB 3 Bln in Funding

DoNews, 7/19/11

An industry source close to Chinese online fashion company Belle has revealed that Yougou.com, Belle's B2C footwear platform, recently obtained nearly RMB 3 bln in funding from a group of investors that included Baidu. While details of the funding are still being discussed, a public announcement is expected in August.

Yougou.com CEO Zhang Xuejun and Xie Yunli, general manger of Belle's e-commerce operations, both said that no further details could be disclosed at this time.

Editor's Note: For more information on this topic, please see "Yougou Lands USD Nine-Digit Funding," MD 7/18/11 issue.

Keywords: Zhang Xuejun e-commerce Internet funding B2C Baidu online fashion BIDU Belle Yougou Xie Yunli JV

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