Group Buy Site Ftuan Lands Third-Round Funding
DoNews, 6/23/10
Chinese group purchasing website Ftuan, operated by LifeMedia, will officially open its Shanghai site on June 28. Ftuan CEO Lin Ning revealed that the site has secured a third round of funding from investors including Mitsui Ventures. Although Lin declined to reveal specifics, he said that Ftuan's funding was the largest out of any group buying sites.
Editor's Note: For more background on LifeMedia and Ftuan, please see "LifeMedia Receives Second Round Funding," MD 3/10/10 issue.
Keywords: Ftuan Lin Ning Internet funding Mitsui Ventures third-round LifeMedia group buying
Sending
