Commerce

Chinese E-Commerce Giant 360buy Raises $1.5 Billion From Russian Investment Group

Published on April 1, 2011
by Tricia Duryee

China’s leading e-commerce Web site 360buy.com has raised a massive round of funding from Russian Internet investment group Digital Sky Technologies, known for investing in Groupon and Facebook. DST contributed $500 million of the $1.5 billion round, Reuters reports. The company, which is preparing for an IPO in 2013, previously raised funding from Wal-Mart Stores.

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URL: http://allthingsd.com/20110401/chinese-e-commerce-giant-360buy-raises-1-5-billion-from-russian-investment-group/