Vipshop Obtains USD 20 Mln VC Funding
Netease Tech, 11/12/10
Guangzhou-based VIP Shop Information Technology Co., Ltd., which operates brand-name discount e-commerce retail website Vipshop.com, has received USD 20 mln in VC funding from DCM and Sequoia Capital, according to overseas media.
Established in 2008, Vipshop offers name-brand apparel, cosmetics and accessories at 30%-70% discounts for limited time periods, and is modeled after U.S.-based luxury e-commerce company Gilt Groupe.
Keywords: Sequoia Capital e-commerce Internet funding VC Doll Capital Management Vipshop B2C VIP Shop Information Technology
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