SIG China Leads $20M Series B Funding For 51Fanli.Com

Shanghai-based Chinese rebate shopping guide platform 51Fanli.com has received around US$20 million series B funding from SIG China, according to Chinese media reports.

The company previously received series A funding of approximately US$10 million from Qiming Venture Partners and Steamboat Ventures.

51Fanli.com says it will use the proceeds on developing offline products and to integrate online and offline platforms to create precision rebate shopping guide to consumers.

Founded in 2006, 51Fanli.com has over 35 million users. The company has partnerships with over 400 Chinese e-commerce platforms including Alibaba’s Tmall, Taobao, JD.com and Dianping.com.

 
China Expert network

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