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Rumor: Okaybuy Obtains USD 10 Mln Funding

Tencent Finance, 11/24/09

Beijing-based apparel e-commerce firm Okaybuy has reportedly received approximately USD 10 mln in first-round funding from Sequoia Capital's China Fund. Neither company would confirm the reports. In an earlier interview, Okaybuy founder and president Li Shubin had revealed that his company had completed its first round of venture funding, but declined to reveal the investor or the amount of the investment.

Keywords: Li Shubin VC apparel e-commerce Internet funding OkayBuy Sequoia Capital first-round

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