Netease Tech, 2/28/12
Wang Licheng, CEO of Beijing-based women's B2C e-commerce site Lafaso.com, recently disclosed that Lafaso is considering raising second-round funding, but currently has no plans to IPO.
Lafaso expects to break even this year, according to Wang, and currently has 5 mln registered users, which it aims to bring up to 10 mln in 2012. 56% of users have returned to make a second purchase.
Editor's Note: For more background on Lafaso, please see "Lafaso 2009-2010 Combined Profit Reaches RMB 100 Mln," MD 8/03/11 issue.