Wednesday, April 20, 2011

Milan network be millions of dollars of Sequoia Capital venture capital

4 6th, Chengdu youth (students) Business Park projects, foreign trade officially announced in Milan, B2C e-commerce website network, has reached an agreement with leading venture capitalists Sequoia Capital, Sequoia Capital, which had to inject millions of dollars wind investment gold. Milan network said, the financing will be used to keep Milan network of garment foreign trade B2C platform advantages, improve the user experience, increase brand awareness and market share, and to provide strategies for long term, adequate support to the development of the company. This time as Milan network 3 years since the establishment of a round of financing, the future will be built the world's leading international B2C online clothing shop, and is expected to become the first overseas listing of Internet e-commerce company in the Western region.

it is learnt that the Milan youth network in October 2009, settled in Chengdu (College students) Business Park, wenjiang district, the company now has more than 150 people, the main operations center of more than 1300 square, logistics centres amounted to more than 2,500 square meters. Currently aggregating more than more than 20,000 fashion apparel products, to transnational online retail sales to more than 170 countries and regions overseas, covering more than 300,000 online overseas consumers. In July 2010, the business magazine and the Chengdu municipal CPC Committee jointly organized by the State “ innovation DEMO in China CHINA 2010” match competition in Chengdu, Milan network as good business enterprise representatives come to the fore, finalists of the Suzhou finals. In the final, Milan network as the jury of many risk agencies concerned, won “ growth starts (DEMO GOD) ” awards. Then established contact with Sequoia Capital, reached a cooperation intention.