Just three months after raising $400m, China-based, DST Global-backed website 360Buy has raised $700m.
Ontario Teachers’ Retirement Fund, a Canada state-backed investment fund, along with new investor Kingdom Holdings, founded by Saudi Arabia’s Prince Alwaleed Bin Talal Alsaud, has participated in a $700m round of private equity funding for China-based e-commerce site 360Buy.
The new funds will be used help day-to-day operations and improve its logistics service.
The company raised $400m in a series D round in December which included involvement from investment manager Tiger Global Management. That round of financing valued the company, also known…
