Chinese wholesaler DinoDirect has announced that during January it successfully completed their second round of investment attracting an amount in the range of 8 figures from Venture Capital. Some rumors talk about $20 million but it hasn’t been officially confirmed by the Chongqing wholesaler.
In perfect timing, last week we published an exhaustive review on DinoDirect. We have been observing DinoDirect rise in popularity in the recent months and with today’s news it achieves a deserved place in the list of top Chinese B2B websites.
According to CEO, Feng Jianfeng, DinoDirect currently employs 265 people and offers 200,000 products. Interestingly enough, Feng also points that DinoDirect may be developing its own brand of products in the near future and he expects to IPO internationally within 2 years.
Keep an eye on them, they are moving fast!
