Xiaomi’s Lei Jun leads $100m round China’s Vancl – update
Lei Jun, Chinese super angle and co-founder of smart phone maker Xiaomi, has led a $100 million round for Vancl, China’s largest online clothing retailer. Existing investors Temasek Holdings, IDG Capital Partners, Ceyuan Ventures and SAIF Partners also participated.
The transaction was completed at the end of January, said Chen Nian, founder and CEO of Vancl. One characteristic of Lei's investment approach is he only invests in industries he understands and alongside...
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