Chinese online store Meilele receives $40m in second round funding
Chinese home furnishings e-tailer Meilele has received $40 million in second-round funding. The round was led by Singapore’s Vertex Venture, alongside Lightspeed Partners, Xianfeng Huaxing Group, LionRock Capital, and KTB Ventures.
Established in 2008, Meilele was originally a store within Taobao, China's biggest consumer-to-consumer e-commerce site. It set up its own business-to-consumer service later and has over 50 stores across...
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