13.02.2014 - Temasek to invest in China’s Vancl
Vancl, China’s largest online clothing retailer, has raised more than $100 million in funding from existing investors Temasek Holdings, IDG Capital Partners, Ceyuan Ventures and SAIF Partners. The transaction was completed at the end of January, said Chen Nian, founder and CEO of Vancl, at the company's 2013 annual conference. According to AVCJ Research, the firm has been through five rounds of funding, most recently receiving $230 million in June 2011. Qiming Venture Partners, CITIC Private Equity, Tiger Global Management, Trust Bridge partners and Kerry Properties are also among investors in the firm...............................................Full Article: Source
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