Sina Tech, 5/19/11
According to an industry source, Chinese online apparel retailer Okaybuy's (okbuy.com) recently completed USD 60 mln third-round funding came entirely from Chinese internet firm Tencent (0700.HK) and the funds have been deposited in Okaybuy's account. Okaybuy and Tencent have not responded to these claims.
Editor's Note: For more background on this topic, please see "Okaybuy Completes USD 60 Mln in Third-Round Funding" MD 3/14/11 issue.
The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.