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Koubei Invests RMB 100 Mln in Online Wedding Service Provider Huanxiong

36Kr.com, 6/15/18

Hangzhou-based Huanxiong Technology, developer of mobile wedding services app Licheng, recently completed approximately RMB 100 mln in Series B funding from online and mobile local life service platform Koubei, an affiliate of Chinese internet conglomerate Alibaba Group (NYSE: BABA). Read More

Panda Financial Raises RMB 2.7 Bln to Develop Financial Services Platforms

Panda Financial, 6/18/15

Online financial services firm Panda Financial (600599.SH) (formerly Panda Fireworks Group) has announced a plan to raise up to RMB 3 bln through a private offering of additional shares. Read More

Juhuasuan to Shift to Brand-based Flash Sales Model

Ebrun.com, 9/30/14

Wang Licheng, head of Alibaba Group's (NYSE: BABA) group buy site Juhuasuan, has announced at a company event that Juhuasuan will transition to a flash sales model focusing on brand name products, moving away from the company's current group buy-focused model. Read More

Lafaso 2011 Revenue Reaches RMB 1 Bln

Tencent Tech, 2/29/12

Wang Licheng, CEO of Beijing-based women's B2C e-commerce site Lafaso.com, has disclosed that Lafaso's ad spend exceeded RMB 20 mln and revenue reached RMB 1 bln in 2011. Read More