Caixin OnlineBusiness & IndustryTop Stories Industry 360Buy in More Fund-raising, Strategy Switch
11.26.2012 19:01

360Buy in More Fund-raising, Strategy Switch

B2C site gets another US$ 400 million and sets its sights on increased profits in 2013
By staff reporter Wang Shanshan
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(Beijing) – As the country's e-commerce companies prepare for year-end sales, China's biggest business-to-customer website, 360Buy, is counting cash after a successful, US$ 400 million fund-raiser.

A source from 360Buy says investors in the latest round of financing are Ontario Teacher's Pension Plan (OTPP) in Canada and the Tiger Fund. The company's valuation was US$ 7.25 billion.

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