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Vancl Raises USD 100 Mln in Fifth-Round Funding

Sina Tech, 12/01/10

Wu Sheng, VP of Chinese online clothing retailer Vancl, has revealed that Vancl recently completed USD 100 mln in fifth-round funding.

WU said that this round consisted mainly of existing VC investors Ceyuan Ventures, IDG, SAIF Partners, and a US-based Tiger fund. Wu added that the funds would be used to build a marketing and distribution system.

Keywords: Wu Sheng VC Vancl Internet marketing distribution funding Ceyuan Ventures IDGVC SAIF apparel B2C fifth-round

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