Tencent Tech, 5/03/11
A source inside Hangzhou-based e-commerce services outsourcing provider Xilang Information Technology has revealed that the company recently obtained an eight-figure USD sum in new funding. Currently, neither the name of the U.S. private equity fund nor the exact amount of funding are known.
Prior to this round of funding, Xilang received angel investment funds from four listed firms, including Zhejiang-based kitchenware manufacturer Supor and Hangzhou-based financial software provider Hundsun Electronics (600570.SH).
Xilang, established in 2009, is primarily engaged in supplying brand-name enterprises with e-commerce operations and online channel distribution services. The company's business model is often compared to that of GSI Commerce, the e-commerce and interactive marketing services provider recently acquired by eBay.