Marbridge Daily

<- February 29, 2012 ->

Lafaso May Seek Second-Round Funding

Netease Tech, 2/28/12

Wang Licheng, CEO of Beijing-based women's B2C e-commerce site, 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.

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