Milestone Capital, GSR Lead Series D In LaShou.Com

Beijing-based online group-buying service provider LaShou.com has received an undisclosed amount of series D financing from Milestone Capital and GSR Ventures, according to Chinese news report.

Both investors participated in the company’s US$111 million series C financing in 2011.

LaShou.com received US$10 million series A financing from Taishan Invest AG and GSR Ventures in 2010. During the same year, it received US$50 million series B financing from Tenaya Capital, Norwest Venture Partners, and GSR Ventures.

LaShou planned a US$80 million initial public offering on the NASDAQ in 2011, but pulled out of the IPO roadshow due to accounting issues.

Founded in 2010, LaShou.com currently has about 50 million registered users, and over 50,000 cooperative institutional partners.

 
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