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News

Yu Wang Technology secures USD 30.4 million in funding round

Thursday 24 March 2011 09:36 CET | News

Yu Wang Technology, a Chinese-based e-commerce start-up, has gathered USD 30.4 million (CNY 200 million) in funding round from the interactive entertainment media company Shanda Interactive and two other companies, according to the online media outlet marbridge consulting.com.

The company has already received USD 7.6 million (CNY 50 million) from Shanda Interactive which will be used for the initial construction of a new C2C e-commerce website.

The website will operate on Shandas Shengfutong online payment platform which currently has almost 12 million active paying users.


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Keywords: Goldcool, Shanda Interactive, online payment platform
Categories: Payments & Commerce
Companies:
Countries: World
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