China leading B2B marketplace DHgate has been in the mouth of some financial media lately. Just a few days ago, DHgate’s CEO Diane Wang confirmed the completion of the third round of investment.
The global equity investor Kleiner Perkins Caufield & Byers (KPCB), keeps trusting DHgate and will invest in the company for the third time. It is reported that KPCB has put a total of more than CNY 300 million (~USD 44M) in DHgate.
DHgate was established in 2004. Different from traditional information service platforms, which charge registered members, DHgate asks no payment from them, but receive commissions from providing online foreign trade service. More information can be found on our DHgate review.
By December 2009, DHgate reached 2.8 million buyers worldwide and obtained growth of 6 to 10 times each year in terms of user base, transaction value, orders and product variety. Its transaction value reached CNY 2.5 billion in 2009.
More details about the investment are covered by TradingMarkets.com
