Rumor: Group Buy Site Obtains USD 10 Mln Funding
ChinaVenture, 8/10/10
Chinese group purchasing site Manzuo said it had received USD 10 mln in first-round funding from Kleiner Perkins Caufield & Byers (KPCB). KPCB did not officially confirm the report, but an employee at the company said that as the deal has not yet been completed, no further information can be released at present.
Manzuo claims that more than 100,000 transactions have been made through its site.
Keywords: Manzuo Internet funding KPCB first-round group buying e-commerce
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