Bofu Group Invests $19.5M In O2O Platform Wanxie Cloud Mall


Fujian province-based shoe O2O (online-to-offline) platform Wanxie Cloud Mall has received RMB120 million (US$19.5 million) angel investment from Shenzhen-based home furnishing firm Bofu Group, according to Wanxie Cloud Mall’s official Weibo account.

Launched in June this year, Wanxie Cloud Mall provides e-commerce platforms and offline shoe stores to help consumers purchase shoes in a more intelligent way.

The company says it plans to use the proceeds on building up its offline shoe store network nationwide.

 
China Expert network

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