E-Journal: Zero2IPO Group | Zero2IPO Database | eWeekly | Login | 中文版 |
投资界 - 清科集团旗下中国股权投资行业门户网站
Location: Home > News > Investment > Mizhe.com Completes Round B Financing of US$30M

Mizhe.com Completes Round B Financing of US$30M

By , Entrepreneur China
Updated: 2014-06-03 13:36:27

According to news on June 3, shopping guide and rebate website Mizhe.com officially announced to complete its Round B financing. It gained US$30M investment from IDG Capital, a globally leading venture capital firm, and Banyan Fund. According to data, Mizhe.com is China’s first shopping guide and rebate website which has completed Round B financing and the website that has raised the largest amount of capital in the industry up to now.

It’s learnt that, founded in 2011, the founding team of Mizhe.com mainly comes from Alibaba. The website made its first fortune by providing rebate service for purchasers on Taobao.com and is among the rebate websites with fastest development in recent years. In 2013, Mizhe.com conducted significant strategic transition and gradually became a comprehensive and one-stop platform for online shopping rebate. Currently, its rebate business occupies some 40% of its sales, and other businesses including goods on promotion, discount coupon and valuable and goods beyond selling value contribute most of the remaining sales.

Related News
2014-09-12Aug. 2014 Sees IPOs Dropping and iDreamSky Games Going Public in the US
2014-09-11Quyi Gains US$10M Investment in Round A Financing
2014-09-11Phoenix New Media Purchases 8.75% Shares of Particle with US$6M
2014-09-10KKR’s Low-key Investment Strategy in China
2014-09-10Cloud Live Technology Group’s Fundraising Scale Decreases by RMB1.12B
Upcoming Events
  • China Real Estate Investment Fund Forum 201409, 18th ,2014
  • The 7th China Venture Capital & Privte Equity Mid-Forum10, 24th ,2014
  • The 14th China Venture Capital & Private Equity Annual Forum12, 03th ,2014
  • The 5th China CEO Summit12, 18th ,2014
  • The 9th Zero2IPO-Venture 50 Awards12, 18th ,2014
More>>