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Baidu, Taikang Life Insurance Lead USD 200 Mln Series C in E-tailer Womai
Tencent Finance, 10/12/15
Chinese state-owned food manufacturer and cross-border food and oil merchant COFCO Corporation, operator of fresh food B2C e-commerce site Womai, recently announced that it has completed USD 200 mln Series C funding led by Chinese Internet company Baidu (Nasdaq: BIDU) and Taikang Life Insurance. Read More
Womai to Obtain RMB Nine-Digit in Funding
Tencent Tech, 3/05/12
Frank Ning (Ning Gaoning), chairman of the board of the Chinese oil and food import/export firm COFCO, has announced that COFCO's subsidiary and food product B2C website Womai will receive a round of venture capital financing in the RMB nine-digit range in exchange for 10%-20% of shares. Read More
Womai Logistics Upgrades Cause 2-Week Delivery Backlog
Beijing Business Today, 10/24/11
Chinese oil and food import/export firm COFCO's subsidiary and food product B2C website Womai has responded to customer complaints that orders placed since October 8 have still not been delivered, stating that the delay was due to warehouse upgrades, but did not mention any resolution or compensation. Read More
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