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Rumor: Yougou Obtains RMB 3 Bln in Funding

DoNews, 7/19/11

An industry source close to Chinese online fashion company Belle has revealed that Yougou.com, Belle's B2C footwear platform, recently obtained nearly RMB 3 bln in funding from a group of investors that included Baidu. While details of the funding are still being discussed, a public announcement is expected in August.

Yougou.com CEO Zhang Xuejun and Xie Yunli, general manger of Belle's e-commerce operations, both said that no further details could be disclosed at this time.

Editor's Note: For more information on this topic, please see "Yougou Lands USD Nine-Digit Funding," MD 7/18/11 issue.

Keywords: Zhang Xuejun e-commerce Internet funding B2C Baidu online fashion BIDU Belle Yougou Xie Yunli JV

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