Warburg Pincus, CICC-Qianhai Invests $100M In E-Commerce Firm WSmall.Com

Warburg Pincus and CICC-Qianhai have jointly invested US$100 million in Chinese e-commerce player WSmall.com, according to Chinese media reports.

CICC-Qianhai was an investment entity established by China International Capital Corporation Ltd., Shenzhen Qianhai Financial Holdings and Industrial and Commercial Bank of China in 2014.

Founded in 2009, WSmall.com combines e-commerce and entrepreneurship by aggregating over 10,000 small merchants on its platform and providing them with customized services on branding, customer service and marketing.

Based on a B2B2C business model, WSmall.com aims to provide users better experiences and also offers its own branded products. The e-commerce platform focuses on daily consumer goods, cosmetics, healthy foods, baby and pregnancy products.

Hangzhou-based WSmall.com, which operates its ...

This news article comes via , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network

You May Also Like