Monday, March 31, 2014

China pet product e-store gains US$25 million in funding

    Shanghai-based pet products e-store Boqii has just completed a US$25 million series B funding round, according to reports. The investors have yet to be named.
    In 2008, Boqii was established as a retailer of petfoods and pet-related products. It had its own website, but was best knows for its outlets in Taobao, Tmall, Jingdong and other well-known Chinese e-commerce sites. The company has since added a wiki, social forums, group buying deals and directories, as well as developed an in-house brand of products.
    Boqii has more than 3 million registered users. The newest funding will be used to ramp up marketing and branding, as well as moving into online-to-offline services.

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