Sailing invests $100m in China cross-border e-commerce site
Sailing Capital, a PE firm backed by Shanghai International Group, has committed $100 million in Series B funding to Ymatou, an e-commerce site that connects global retailers to Chinese consumers.
Founder and CEO Bibo Zeng announced to the financing round in an open letter to staff that was published by local media. Zeng describes at length the challenges Ymatou has faced since its 2009 inception,...
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