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99VK Obtains Eight-Figure RMB Second-Round Funding

ChinaVenture, 6/30/11

Shanghai Xi Feng E-Commerce Co., Ltd., operator of online healthcare B2C site 99vk.com, has obtained tens of millions of RMB in second-round funding from investment firms Haitong Capital, Hangtian Xin Nengyuan, and first-round investor Sequoia Capital.

CEO Yang Xin said that between the site's launch in late 2008 and the end of March 2011, 99vk.com reached over 2 mln users with annual sales growth exceeding 500%.

Keywords: 99vk e-commerce Internet funding users B2C online healthcare first-round second-round Sequoia Capital

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