Lashou gets VC dollars as PRC group-buying sector heats up
Chinese group-purchasing website Lashou.com has received $110 million in a Series C financing round led by Milestone Capital, and included participation from Richemont’s affiliates Reinet Fund SCA FIS, Remgro Limited and previous investors GSR Ventures, Norwest Venture Partners and Tenaya Capital.
According to Lashou's founder and CEO Bo Wu, the capital will be used to expand the company's call centers, logistics offerings and its Lashou Experience Shops. "The group-purchasing market of China has...
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