Temasek Holdings, IDG Capital Partners, Ceyuan Ventures and SAIF Partners Participate in US$100 Million Financing Round for Vancl Led by Xiaomi’s Lei Jun (Asia)
Source: Asian Venture Capital Journal | Author: Winnie Liu
Lei Jun, a Chinese angel investor and co-founder of smart phone maker Xiaomi, had led a US$100 million financing round for China-based online clothing retailer Vancl. Existing investors Singapore investment company Temasek Holdings and venture capital firms IDG Capital Partners, Ceyuan Ventures and SAIF Partners also participated. Vancl previously received a US$230 million round of financing in June 2011.