Shanghai-based home furnishing e-commerce platform Jia.com has received US$160 million series D financing from undisclosed investors, according to an official announcement on its Weibo account.
The proceeds will be used to develop its O2O (online-to-offline) business, as well as hiring new talent, says the announcement.
In 2007, Jia.com reportedly received US$2 million series A financing from Suzhou Industrial Park Venture Investment Company Limited.
In 2009, another local investor GF Xinde Investment Management Co., Ltd. reportedly injected US$10 million in the company in a series B financing round.
Founded in 2005, Jia.com currently provides services in 46 cities in China, with 40 thousand suppliers and over five million registered users in the home furniture sector.