News provider Mobinode said Rebate Network was part of a venture consortium backing China discount coupon provider Lashou.
China-based discount sales coupon provider Lashou has reportedly raised $50m from a consortium including services peer Rebate Network, according to news provider TMC.
News provider Mobinode said venture capital (VC) firms Tenaya Venture, Norwest Venture and GSR Venture were also part of the consortium that had provided an initial $10m.
Meanwhile Lashou’s local peer, Meituan, raised $5m from VC firm Sequoia Capital, Mobinode said.
