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Group Buy Site Haohuasuan Obtains VC Funding

TechWeb, 5/18/11

Chinese group buy site Haohuasuan, operated by Beijing Weilai Dushi Information Technology Co., Ltd., has announced that it has received VC funding, but has not disclosed a specific figure.

According to a source inside the company, this round of funding is in the RMB eight-figure range. Haohuasuan will use the proceeds to establish an operations center, a technology R&D center, a service center, and a data center as well as improve the comment system on its website.

Keywords: Haohuasuan Internet funding VC R&D e-commerce group buying

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