China online home textiles retailer Dapu secures $5m
Tianxing Capital has committed RMB30 million ($4.8 million) in a Series B round of funding to Dapu.com, a Chinese online retailer of home textiles.
CDH Ventures invested about RMB20 million in the company in April last year.
The new capital will be used to scale up the business and support nationwide expansion, according to a statement.
The site was set up by Zhiquan Wang in 2012, who previously founded home appliance e-commerce site Coo8.com, which was sold to domestic electronics retailer Gome in 2010. It operates under the brands Dapu and dapubaby, selling bed sheets, towels and textile products. The company claims to have over 200,000 users.
Tianxing Capital - which has offices in Beijing, Shanghai and Zhengzhou - has more than RMB3 billion in assets under management. It focuses on the technology, media and telecom, healthcare and new energy sectors.
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