Chinese Mobile Shopping Platform Koudai Gouwu Lands $350M
October 27, 2014
Koudai Gouwu, a VC-backed mobile shopping marketplace in China, has raised $350 million (¥2.1 billion) in Series C funding led by Tencent and Tiger Fund, with participation from H Capital, Vy Capital, Falcon Edge and DST Group. Tencent invested a reported $145 million in the round, taking a 10% stake in the company. Koudai previously took in funding from additional investors including Matrix Partners. The company sells products through 12 million outlets across more than 170 countries.