The fancy is looking for a new round of financing

NetEase technology News June 28, the source said, the United States social shopping website The fancy is looking for a new round of financing, the company valued or reached 1.2 billion U.S. dollars.

The fancy, which is headquartered in New York, allows users to upload pictures of their favorite items on the site and buy their favorite items directly from the site, and the favored items will rise in the site. After the commodity transaction is completed, the fancy will charge a certain percentage of commission.

In last year's round of financing, the fancy raised 53 million of dollars, including U.S. credit card service provider American Express (Anglo Express), US famous Black star Smith And Leine Bravatnik, a billionaire investor born in Ukraine, Blavatnik the fancy was valued at $600 million.

The Fancy was apparently stimulated by a number of internet companies that had been invested and valued at $ billions of trillion. May, the photo network Pinterest financing 200 million U.S. dollars, the valuation reached 5 billion U.S. dollars. Cloud storage provider Dropbox and online travel company Airbnb are valued at $10 billion trillion. Uber's valuation of the new round of financing is as high as $17 billion trillion.

The fancy chief executive Chow Einhorn Joe Einhorn declined to comment on the news. (Think far)