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Online Shopping Firm Completes Second Round of Funding

Sina Tech, 7/07/08

Chinese online shopping platform Liba.com has announced the completion of its second round of funding, with Swedish firm InvestorAB and American investment house Walden International committing a combined USD 15 mln to the company. Liba was founded in 2003 as 51tuangou.com. The company employs more than 600 people from its headquarters in Shanghai.

Liba primarily serves mainland couples registering to get married. It provides an assortment of services related to new home decoration, marriage preparation, and car and consumer lifestyle choices. The website straddles the home decoration, wedding celebration and driver training industries.

Keywords: Liba InvestorAB Walden 51tuangou.com funding Internet investment lifestyle online shopping second-round B2C e-commerce

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