Jiuxian NET receives 300 million equity investment

Absrtact: August 20, Jiuxian network announced that the Jiuxian network again won the country opened financial and other joint investors 300 million yuan equity investment, at the same time access to China Merchants Bank, Minsheng Bank, Pudong Hair Bank, Jinzhou Bank and other banks 700 million yuan comprehensive credit loan. Jiuxian Network Chairman Hao

August 20, Jiuxian network announced that the Jiuxian network again won the country opened financial and other joint investors 300 million yuan equity investment, at the same time access to China Merchants Bank, Minsheng Bank, Pudong Hair Bank, Jinzhou Bank and other banks 700 million yuan comprehensive credit loan.

Jiuxian Network Chairman Shang said, the funds will be mainly used in the "wine fast" layout, in order to further enhance the operation of the Jiuxian network, trying to lead the wine class, continue the leading O2O.

Up to now, the Jiuxian network has obtained 6 equity financing, the cumulative amount of 930 million, respectively, 2011 in the first half of Guangdong Province group capital injection 15 million, the second half of Sequoia Capital, Oriental rich sea joint Investment 2011; Hua Xing Capital joint investment 110 million; 2013 at the end of the old shareholder of the capital, the Eastern Rich Sea additional 165 million d round of financing; early this year by the Sequoia Capital, Tan Ren information and a number of individual investors to invest in the 260 million e-round financing, as well as the opening of financial and other joint investors 300 million yuan F round of financing.

Jiuxian Network This round of financing is mainly based on the investment of financial companies, but also the first to introduce state-owned capital shares. China Open Financial Limited liability company is a wholly owned subsidiary of the National Development Bank, registered capital of 35 billion yuan, mainly engaged in private equity funds, direct investment, investment advisory and financial advisers and other business.

Shang said that the Jiuxian network to obtain financial support, mainly due to the steady development over the years, the rising profitability and quality of the financial situation, the future will use the funds, further excavation Jiuxian network business model value, leading the wine industry.

National opening finance related official said, Jiuxian net only uses 5 years time, then becomes the domestic biggest liquor electricity dealer, and maintains the continuous profit growth, simultaneously O2O's development is bound for the Jiuxian net to bring the new value, we are optimistic about the company's development.