Rumor: Vancl Wins USD 100 Mln 4th-Round Funding
DoNews, 3/09/10
Chinese B2C clothing website Vancl has reportedly won nearly USD 100 mln in fourth-round funding led by IDGVC. The round will see follow-up investment from other parties, and the full amount of funds have not yet been transferred to Vancl's accounts.
Vancl VP Xu Xiaohui said he was unaware of the matter.
Editor's Note: Tong Shihao of Qiming Venture Partners confirmed that his firm participated in this round of funding.
Keywords: Xu Xiaohui Vancl Internet funding B2C IDGVC apparel e-commerce fourth-round Tong Shihao Qiming
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