Marbridge Daily

<- August 24, 2010 ->

Rumor: Quwan Obtains 2nd Round Founding

DoNews, 8/24/10

Industry sources have revealed that Beijing Wanzhe Tianxia Network Technology Co., Ltd., which operates B2C e-commerce site, will soon complete its second round of funding for approximately USD 10 mln. This would be the second round of major investment that the site has received since its initial round in 2009.

A source close to Wanzhe Tianxia said that more than 5 internationally recognized funds had held multiple meetings with Wanzhe Tianxia founder Zhou Pin; ultimately, the company opted to go with a well-known overseas VC for its second round of funding, and an investor from Wanzhe Tianxia's first round of funding continued its investment.

A spokesperson for Wanzhe Tianxia's marketing division declined to comment on the rumor.

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