Installment Plan E-tailer Qufenqi Wins Series D Funding, USD 1 Bln Valuation

DoNews, 4/03/15

Beijing-based Kuaile Shidai, operator of online shopping site Qufenqi.com, recently completed Series D funding, according to an internal email sent by company CEO Luo Min to employees. The company may make an official announcement revealing the investors or amount of funding in the coming days, but Luo indicated that the company now has a valuation of USD 1 bln.

Qufenqi.com is an installment-plan based e-commerce platform targeted at university students.

Editor's Note: For more background on this topic, please see "Installment Plan E-tailer Qufenqi Lands USD 9-digit Series C" MD 12/02/14 issue.

Keywords: e-commerce Internet funding valuation Luo Min installment plan Kuaile Shidai Qufenqi B2C fourth-round

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