VC firms put $30 million into online shoe retailer
Letao.com, the venture-backed Chinese online shoe retailer, announced that the company has raised an additional RMB200 million ($30 million) in its third round of funding from three backers, including DT Capital Partners and Ceyuan Ventures, the latter of which also invested undisclosed sum in the second round of financing conducted in June 2010.
Based in Beijing, China, the online shoe retailer launched its business selling various branded shoes for children and adults with supports from Baidu's ex-marketing manager and Ceyuan Ventures, a venture...
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