According to one industry source, Chinese fashion B2C e-commerce sock retailer VCotton recently received RMB 200 mln in funding from Jason Jiang, CEO of Chinese digital media and internet advertising operator Focus Media (Nasdaq: FMCN). VCotton CEO Lin Wei said that further details will be released on Thursday this week.
The source also revealed that Jiang has held a number of talks with VCotton management in recent days. Other industry sources say that VCotton will soon begin to circulate advertising through Focus Media channels.
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