Red Kids Launch A A2C Based Direct Selling Website.
June 24th, B2C e-commerce website
Red child
CEO Xu Peixin said that the red child has basically completed the amount of $5000 to $100 million in financing, the investor is the original three largest investor, Aurora Borealis, New Enterprise Associates (NEA), Kleiner Perkins Caufield&Byers (KPCB) and another new investor.
When it comes to the listing plan, Xu Peixin said it was not yet disclosed.
According to Xu Peixin, in June this year, red children will launch a family.
A2C
The website will build a platform. Users can directly communicate with manufacturers through 3D products and three-dimensional fitting.
In April this year, the red child announced that it would complete the financing of US $100 million by the end of the year, and plan to go public in Hongkong or mainland China.
Prior to that, in November 2005, the two investment funds of Aurora Borealis and NEA made the first round of investment for red children, amounting to $2 million 500 thousand.
In November 2006, NEA and Aurora two invested second additional investments in red children, amounting to $3 million.
In June 2007, the KPCBChina Fund (Kai Penghua Ying) signed an agreement with the red child.
Red child
The investment is 25 million dollars.
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