JUMEI WON VC FROM SEQUOIA CAPITAL

AsiaInfo Services
03-17-2011
Jumei Won VC from Sequoia Capital

BEIJING, Mar 17, 2011 (SinoCast Daily Business Beat via COMTEX) -- www.jumei.com, the first cosmetics group purchase website in China, announced the winning of about USD 10 million from Sequoia Capital.

In addition, the next round of venture capital, worth USD 10 million, is coming soon.

www.jumei.com Pioneer Chen Ou showed that the quality of goods is the best guarantee to maintain the huge demand for cosmetics by female, so if the company is able to strictly control in sources of goods, do well in services, and sell certificated products with discounts, the market potential will be huge. Different from other B2C websites, www.jumei.com specializes in the sale of 20% of the best-selling cosmetics so as to spend more efforts serving customers.

Since the operation for one year, the website sees monthly sales value of up to CNY 20 million currently, has registered users of 800,000, and captures more than 60% of the cosmetics group purchase sector. It currently has employees of more than 200, and most technical staff ever studied overseas.

Source: www.chnvc.com (March 17, 2011)

KEYWORD: BEIJING INDUSTRY KEYWORD: Internet & Online Services & Media SUBJECT CODE: Internet & Online Services
E-commerce
SinoCast China Business Daily news
VC
demand
cosmetics
female
goods source
sales value

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