Legend Capital, the corporate venturing division of China-based computer company Legend, teams up with DCM for Mbaobao.com investment.
Mbaobao.com, a China-based online fashion retailer, has raised $30m in its first-round of investment.
US-based venture capital firm DCM (formerly known as Doll Capital Management) and Legend Capital, the corporate venturing division of China-based computer company Legend, provided the investment.
DCM and Legend already have a joint venture to make Chinese investments.
Mbaobao was formed by Italian fashion group Visconti Diffusione’s venture fund in 2007.
