Moonbasa Lands Fourth-Round Funding

TechWeb, 4/03/13

A source at Chinese women's undergarment B2C e-commerce site Moonbasa revealed on April 2 that the company recently received USD 55 mln in fourth-round funding. Moonbasa CFO He Zhiqiang confirmed the report to TechWeb, adding that the four investors in the latest round of funding included China Renaissance Capital Investment, DT Capital Partners, and GSR Ventures. China Renaissance Capital Investment and GSR had previously invested in Moonbasa. He Zhiqiang also confirmed that Moonbasa became profitable for the first time in March 2013, though he added that the profit was still only in the millions of RMB for the time being.

Editor's Note: For more background on this topic, please see "Moonbasa Lands Third-Round Funding" MD 12/06/10 issue.

Keywords: China Renaissance Capital Investment VC He Zhiqiang e-commerce Internet funding profit B2C DT Capital fourth-round GSR Ventures Moonbasa

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