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Saint Angelo Invests RMB 80 mln in B2C Site

Beijing Times, 12/19/07

The Saint Angelo Group has announced a RMB 80 mln cash injection for its direct sales site BONO, as part of competition with rival direct clothing sales site PPG. Soon customers will be able to register on portals such as Sina and Tencent to receive vouchers worth hundreds of yuan to spend on BONO. Bonuses will also be given to anyone who refers a friend to the site.

Keywords: Saint Angelo e-commerce B2C BONO PPG Sina Tencent 700.HK Internet

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