Chinese group buying site raises more capital

    April 21, 2011 | BY

    Candice Mak

    PRC group-purchasing website lashou.com (Lashou) has completed a US$110 million series C financing. The core investor leading the financing consortium…

    PRC group-purchasing website lashou.com (Lashou) has completed a US$110 million series C financing.

    The core investor leading the financing consortium was Milestone Capital. Other participants included Richemont affiliates Reinet Fund SCA FIS, Remgro Limited, and existing investors such as GSR Ventures, Norwest Venture Partners and Tenaya Capital. So far, Lashou has raised a total of US$166 million in venture capital.

    A China-based Latham & Watkins team, led by Hong Kong partner David Zhang and Shanghai counsel Karen Yan, advised Lashou on the financing.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]