M-fold net monthly sales billion won IDG tens a round of investment

"Http://www.aliyun.com/zixun/aggregation/32866.html" > Billion Power Network News "January 6, the Electric Business Shopping guide website Meter folding network officially announced the completion of a round of financing, investment side for IDG Capital, The amount of financing is more than million yuan.

M-Fold Network founder and CEO Zhang Lianglun said that the IDG investment in the year has been finalized, the current funds are all in place.

According to Zhang Lianglun revealed that the current site monthly sales in more than 100 million, only 2012 double 11 on the same day for Taobao and other cooperative businesses to bring 50 million of sales. At present, the meter folding net has millions of of the buyer's users, every day, hundreds of thousands of active buyers in the use of rice folding network services provided.

IDG Capital partner Zhang said, "meter folding net only in a short span of 1 years to achieve today's outstanding performance, very optimistic about the team, the network is also optimistic about the electrical business Shopping Guide this field."

For the financing of the plan, Zhang Lianglun said, meter folding network has maintained a good profitability and cash flow, and the financing will be mainly used for the company's talent building, product development and new business expansion.

According to billion power network to understand, meter folding network is a focus on the network to save money on the electric business Shopping guide platform, founded in August 2011, the founding team mainly from Alibaba, CEO Zhang Lianglun for the original Alibaba Wang shop in charge. M-fold the current main business including rebate, coupons, buy and shopping and share, has been with Taobao, Cat, when, 1th stores, such as more than 600 well-known domestic mall has established a cooperation, is committed to providing consumers with one-stop shopping guide to save money services.