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Home Furnishings and Decoration E-tailer Wins USD 160 Mln Series D, 3/02/15

Shanghai Qijiawang Information Technology, operator of home furnishings and decoration B2C e-commerce platform, recently announced it has won USD 160 mln Series D funding, although it did not reveal the identity of the investors.

Qijiawang CEO Deng Huajin said this round of funding would be used to extend the platform's O2O strategy nationwide, build up talent to support development of its mobile app, and expand business opportunities in the home furnishing segment.

According to data provided by the company, as of December 2014, had sub-sites serving 50 different cities across the country, 8 mln registered members, with 40,000 renovation companies and material and furniture suppliers on its platform. It also had 25,000 well-known designers using the platform, and had facilitated some 8.25 mln renovation solutions.

Editor's Note: According to Chinese IT industry investment information portal IT Juzi, investors in Qijiawang's Series D round included GF Xinde Investment Management/GF Securities and Cowin Venture Capital.

Keywords: Qijiawang Deng Huajin e-commerce Internet funding B2C O2O fourth-round home improvement VC Cowin GF Xinde GF Securities


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