Comment on mCommerce Service Koudai Gouwu Raises Series C Funding Led by Tencent by Tencent Leads $350M Investment In China’s Koudai Gouwu, A Mobile-Focused Rival To Alibaba | TechCrunch

['Emma Lee', 'More Emma Lee', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-10-23 00:00:00

Chinese mobile shopping service Koudai Gouwu (“Pocket Shopping”) today announced it has received a massive US$350 million Series C funding led by Tencent and Tiger Fund with the participation of H Capital, Vy Capital, Falcon Edge, DST. Kaodai Gouwu is a mobile shopping service which offers recommendations for users, such as shops, fashion matches, trending products, new arrivals, and editor’s choice. Wang added that the firm plans to invest RMB200 million to bring traffic from Koudai Gouwu and other partner apps like Mligo, to WeiDian retailers. The company had previously secured Series B investment from Warburg Pincus and US$12 million Series A funding led by Chenwei Ventures and Matrix Partners in 2012. The angel round is raised from Lei Jun, Xiaomi’s founder who is also a legendary angel investor, in 2010.image credit: Koudai Gouwu