YesMy Beverage E-Commerce Sites Win 1st-Round VC

Sohu IT, 3/29/10

Chinese member-based direct sales platform YesMy has announced that it received its first round of funding from Doll Capital Management (DCM) in March.

YesMy was founded in 2008 and runs YesMyWine.com and YesMyTea.com, e-commerce sites focusing on sales of imported wines and Chinese-grown teas, respectively. The sites have a total of more than 1.5 mln registered users.

YesMy plans to build a national logistics network based around five major regional warehouses this year, and to establish a customer service team of more than 200 employees in Shanghai.

Editor's Note: The exclusive sales agent for both YesMyTea and YesMyWine is Shanghai Moushi Trading Co., Ltd. a subsidiary of the Shanghai-based direct marketing company Roadway D&B.

Keywords: YesMy e-commerce Internet funding Doll Capital Management registered users HR first-round

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