In the past 12 months since launch, and including two previous rounds, Lashou has now raised $165m.

China-based discount sales coupon provider Beijing Lashou Network Technology Company has raised $110m in its series C round from a consortium including Switzerland-based luxury goods maker included Richemont’s affiliates Reinet Fund and Remgro.

In the past 12 months since launch, and including two previous rounds, Lashou has now raised $165m. It has a reported $1.1bn valuations according to news provider Financial Times.

Venture capital firm Milestone Capital led the C round, joined by VC peers and previous investors GSR…

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