CDIB ends two-year wait for Meilele deal
After two years spent following Meilele, during which several other venture capital firms jumped on board, Taiwan's CDIB Capital has finally invested in the Chinese online furniture retailer. It was a tough fight, with more than 10 bidders in the running when Meilele launched a $30 million convertible bond issue this year. CDIB supplied $25 million.
"We have known Meilele's executives since 2011 and have been impressed with the company's achievement thus far. Due to certain internal requirements, CDIB couldn't participate in the second round of fundraising...
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