China's Eshop receives series A financing from Sequoia
Sequoia Capital and Xianfeng Huaxing Venture Capital have participated in a round of series A financing for Beijing-based e-commerce management company Eshop.
The value of the joint investment is reportedly several million dollars and it will be used to strengthen the company’s R&D, hire additional staff and improve marketing.
Xianfeng Huaxing, a venture capital firm located in Beijing, also made an angel investment in the company in August 2010. Eshop, an enterprise resource planning (ERP) platform created by Centaur Science & Technology Development, primarily works with e-commerce clients, but also operates in the conventional garment, food and cosmetics industries.
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