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Rumor: Okaybuy Third-Round Funding Solely from Tencent

Sina Tech, 5/19/11

According to an industry source, Chinese online apparel retailer Okaybuy's ( recently completed USD 60 mln third-round funding came entirely from Chinese internet firm Tencent (0700.HK) and the funds have been deposited in Okaybuy's account. Okaybuy and Tencent have not responded to these claims.

Editor's Note: For more background on this topic, please see "Okaybuy Completes USD 60 Mln in Third-Round Funding" MD 3/14/11 issue.

Keywords: e-commerce apparel Internet funding OkayBuy Tencent third-round 0700.HK B2C

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