China-based social shopping website Meilishuo.com closed its series C funding round on Wednesday, having raised an undisclosed amount reportedly in the "tens of millions" of dollars. The series C round was led by venture capital (VC) firm Sequoia Capital, with participation by Zero2IPO Ventures, the VC division of VC services firm Zero2IPO, as well as VC firms GGV Capital and Blue Run Ventures. Ray Hu, vice president of GGV, will join the Meilishuo board in conjunction with the funding. Founded in 2009, Meilishuo closed a series B round in June, following a series A round funded by Blue Run, the two rounds raising a total of $10m. Meilishuo operates a site that doubles as a shopping social network and a microblog for women and since April has moved into mobile internet development. Meilishuo estimates that its mobile users total 1.5 million.
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Meilishuo’s shopping bag filled with investors
Nov 18, 2011 • Robert Lavine
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