Silicon Valley Funds B2C Chinese Online Retailer

Filed in archive Venture Capital by james on July 27, 2006

Dang Dang, China's top seller of books since 1999, has since branched out into music, DVDs, software, and even electronic goods, jewelry and kitchenware targeting China's new young consumers as seen in this image. Doll Capital Management, Walden International, and Alto Global Investment, each took a 12 percent stake in the red hot online retailer providing an additional $27 million third round Series C funding to strengthen sales and perhaps pave the way for a possible IPO filing next year.

According to Red Herring, Dang Dang's first venture money came from IDG, Softbank, and Luxembourg Cambridge Holding Group-followed in late 2003 by an $11-million injection from the U.S.-based Tiger Technology Fund. Tiger Technology hedged its B2C bets, investing $6.2 million in rival online retailer Joyo.com, which was acquired by Amazon less than a year later for $75 million.

CVN musings.

For an excellent summary of China's software industry read Dan Ilett's special report at Silicon.com. The intrepid reporter cites that " there are ore than 13,000 companies producing software in China." CVN also recommends Phil Lin's blog.
Lin is an adjunct professor at Columbia Business School and always offers insightful comments on China's new media developments.

Related Entries:

success for many online retailers - 06 September 2004
Unsolicited Holiday Advise to Venture Capitalists on China - 23 November 2005
Chinese Venture Capitalists Share Views in Silicon Valley - 26 September 2006
For China's Poor- Venture Capital Funds for Digital Delivera... - 23 October 2006
Online Map Service Receives Venture Funds - 12 December 2006
Online Clothing Retailer PPG Receives US$100 Million - 28 September 2008

« Great Wall Opens to More ... | Main | Sohu's Upside Driven by B... »

Permalink: Silicon Valley Funds B2C Chinese Online Retailer

Tags: China online retailer venture capital

Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/30408

Addthis

Ask

Blinklist

del.icio.us

Digg

Fark

Facebook

Google

Lycos

Ma.gnolia

Mr Wong

Netscape

Netvousz

Newsvine

StumbleUpon

Slashdot

Tailrank

Technorati

Wink

Yahoo

Vote for Silicon Valley Funds B2C Chinese Online Retailer:

Currently 7.00/10
1
2
3
4
5
6
7
8
9
10

Rating: 7.00 out of 2 vote(s) cast.

Response from: Muskblog

When I interviewed with Amazon.com, one of the questions I asked them was about their Chinese strategy. I’ve lived in a lot of places and while I was living abroad in Germany and Japan, Amazon was a big deal. Amazon.co.jp can be accessed in Eng...

Add your response to Silicon Valley Funds B2C Chinese Online Retailer:

Name: *

Email: (will never be shown)*

URL:

(* marked fields are required)

Notify me if more comments appear?

Subscribe to China Venture News newsletter? (Newsletters are sent out weekly).

Remember me

Security Code: *
(Please help us to sort out spam.)

Please enter your comment here: (Sorry, no HTML is allowed - URLs will be made clickable automatically if you add http:// to your URL.)

We welcome your comments, however all comments are moderated. Offensive or off-topic comments will be deleted and not displayed.

Share It

Use the search to look for other interesting posts

Contributors (Last 90 days)

Donald Greg (3)
Greg Cruey (10)
Creative Weblogging (4)

This site has 538 entries and is powered by Creative Weblogging since July 2005.

ChinaVentureNews seeks news contributions

If you are an analyst, tech company, private equity firm, service provider or entrepreneur with news to share related to China venture capital send us your relevant news release.

CVN will post it to our site. We reserve the right to edit the copy because of space limitations, and to make summaries of the release when appropriate-- although a full copy of the release will always be linked to.

Thank you!

Please simply use our form here.