Chinese e-tailer Club Factory on Friday raised $100 million in a Series D round of financing led by leading venture capital firm Qiming Venture Partners and other top investors including Bertelsmann, IDG Capital, and other Fortune 500 companies from the US and Asia. Global markets, especially India, has become a major focus of attention for Club Factory. Club Factory aims to further enhance its platform after this new round of funding by expanding its range of products to deliver more offerings in different categories. Over the past two years, Club Factory has continued to build a global company with its technical capabilities and global vision. Talking about the announcement, Club Factory Founder and CEO Vincent Lou said: “Club Factory offers local sellers 0% commission marketplace platform, and any legally qualified Indian seller can sell on Club Factory.

Source: Mint October 11, 2019 13:41 UTC