The Tri-cell group bought the handle net the latter has been reduced to 600 million dollars

"Http://www.aliyun.com/zixun/aggregation/6149.html" >techweb reported October 20 news, has the grand three cell, Nanjing new Bai listed company's Jiangsu Triplet Group has contracted to acquire the handle NET, The final transaction completion time and amount has not been announced, but the three cell Group spokesman, Vice President Zou revealed that the three cell group is an absolute holding handle net.

Handle Nets March 2010 on the line handle network, the same year in April, the Angel invested in Taishan venture capital injection. Then, in June, he won 5 million dollar a-round equity financing and 5 million dollar financial borrowings from investment institutions such as the Jinsha River venture capital. Only 2010 turnover of the nearest 1 billion yuan, the monthly growth rate of 100%. April 2011, handle nets completed the third round of 111 million U.S. dollars of financing, by milestone Investment, Calendar Peak Group's two PE, Jinsha venture and other two funds to invest together. When the round of financing was completed, the value of the handle net reached 1.1 billion dollars.

At the end of October 2011, the handle network launched in the United States IPO, proposed to raise 100 million U.S. dollars, but the impact of the IPO was unsuccessful, not only slowly fell out of the first group purchase site ranks, the current market share of less than 5%, the company's valuation from the initial 1.1 billion U.S. dollars rapidly reduced to the current 600 million

At present, the first two major controlling shareholders of handle nets are milestone investment and Jinsha venture. and milestone investment for handle the third round of financing of the leading party, for the company's actual control of people. Zou said the group would take over the net stake in Milestone's investment holdings.

In addition, the investors of the handle network decided by the main investors with rich experience in capital market operation, chairman Chiliping to serve as CEO, the former CEO Feng was promoted to vice chairman of the company, as chief Strategic Officer (CSO), to guide the expansion of group buying business and expand market share.

Tri-Cell Group owns a number of companies, involving finance, chain, medical, real estate, information services and other fields, at the same time, the three cell group control of the Grand High Branch, Nanjing new Bai listed companies.

According to the signed agreement, the Tri-cell group will combine the advantages of the handle network, put forward "the sky pull underground, line down the cable, supply chain pull customers, eat and drink goods, buy pull custom" "Five Pull" synergy, the intention will handle the network resources and the three cell group rich offline entity resources together, In the continuous development of group buying business on the basis of building the world's largest O2O electric platform. (Mingyu)