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DGAP-News: Taishan Invest AG realizes a partial exit in Lashou.com - China's leading GroupBuying website
ID: 318757
(firmenpresse) - DGAP-News: Taishan Invest / Key word(s): Strategic Company
Decision/Miscellaneous
Taishan Invest AG realizes a partial exit in Lashou.com - China's
leading GroupBuying website
20.12.2010 / 17:38
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Taishan Invest AG realizes a partial exit in Lashou.com - China's leading
GroupBuying website
Beijing/Zurich, 20th December 2010 - After Lashou.com announced its
successful round of financing last week, Taishan Invest AG announced today
that it realized a partial exit and the return reached a three digit
multiple in less than a year. Taishan Invest AG, founded in 2008, has
established a remarkable track-record in China's Angel Investment Industry.
It has also proven for the first time that a Business Angel Fund in China
is able to hit high returns on investments.
'Taishan was not only Lashou's first investor but a very strong partner.
Taishan brought in strong strategic resources that helped to accelerate
Lashou's incredible growth and made it stand out from its competitors being
the clear No.1 GroupBuying website in China now', said Wu Bo, Founder and
CEO of Lashou.com.
Taishan Invest AG invested into Lashou.com in early 2010 and brought in
Rebate Networks, founder of Europe's second largest GroupBuying website,
Chinese Founders Fund and GSR Ventures in the following months. Today,
Lashou.com is ranking No.1 among several hundreds of Chinese 'Groupon'
model websites, has covered more than 100 cities in China and is far ahead
of its competitors in terms of revenue, traffic, user stickiness and scale.
'The market, the team, the business model - it is a perfect match and we
believe in the future growth of Lashou.com, which is why we only sold a
small portion of equity. We will actively support the company for its next
steps', stated Raymond Lei Yang, Founding Partner of Taishan Invest AG.
Beside Lashou.com, Taishan is invested in VIPStore.com, the leading Private
Sales Club in China, USHI.cn, China's leading business social network and
Urbanara.com, a B2C platform connecting the manufactures directly with its
end customers. In 2010, Taishan Invest AG also realized a successful exit
in Avandeo.de, which sells design furniture at highly competitive prices
over the internet.
'Yes, China is a really challenging market, but also a market with huge
opportunities. Taishan has established a great platform for early and
growth stage investments in China and will continue to actively invest in
2011', said Sebastian Kuebler, Founding Partner of Taishan Invest AG.
About
Taishan Invest AG (www.taishanangel.com) is the first Business Angel Fund
in China and invests into high growth 'early stage' startups as well as
special opportunities. It was jointly founded in 2008 by top class serial
entrepreneurs from China and Europe and is managed by Raymond Lei Yang and
Sebastian Kuebler. Further partners and investors include Mountain Partners
Group, Ringier AG, Chinese Founders Fund as well as several Family Offices
with interest in China.
Contact: Sebastian Kuebler, Founding Partner Taishan Invest AG,
sebastian.kubler(at)taishanangel.com
End of financial news
20.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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107126 20.12.2010
  
  
  
Datum: 20.12.2010 - 17:38 Uhr
Sprache: Deutsch
News-ID 318757
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