Rumor: Yoho Seeks Third-round Funding
DoNews, 12/31/13
An industry source has revealed that Chinese B2C apparel e-commerce site Yoho is preparing for a third round of funding, and has been in contact with a number investment firms. A representative at Yoho has stated that the company achieved sustainable profitability in May 2012, but that further information could not be provided.
Yoho recorded sales revenues of RMB 300 mln in 2012, with profit of RMB 16 mln. The company expects 2013 operating revenue to surpass RMB 500 mln.
Editor's Note: For more information on this topic, please see "Yoho Sales Reaches RMB 300 Mln in 2012," MD 5/24/13 issue.
Keywords: apparel e-commerce Internet funding profit revenue B2C third-round Yoho
Sending
