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DGAP-News: VIPStore Receives New Round of Investment Led by Intel Capital / Investment and technology promote fashion e-commerce in China
ID: 490757
(firmenpresse) - DGAP-News: Taishan Invest / Key word(s): Miscellaneous
VIPStore Receives New Round of Investment Led by Intel Capital /
Investment and technology promote fashion e-commerce in China
30.09.2011 / 08:47
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VIPStore Receives New Round of Investment Led by Intel Capital
Investment and technology promote fashion e-commerce in China
- VIPStore received new round of investment led by Intel Capital, with
participation by GSR Venture, Taishan Invest AG, Moraún Investments,
Leading Royal King and HGI Capital
- The investment will be used to further strengthen VIPStore's global
supply chain and enhance the user experience to promote fashion
e-commerce in China
VIPStore, one of the leading online retailers of international premium
fashion brands in China, today announced a new round of investment, led by
Intel Capital, with participation by GSR Ventures, Taishan Invest AG,
Moraún Investments, Leading Royal King and HGI Capital. Allen Yang, CEO of
VIPStore, Richard Hsu, managing director of Intel Capital China, and
Raymond Yang, founding partner of Taishan Invest AG, attended the press
conference in Beijing.
Allen Yang, CEO of VIPStore, said, 'We are thrilled to have Intel Capital
as our strategic investor. VIPStore will use this new round of financing to
introduce more global brands, as well as further strengthen the global
supply chain and expand the logistics systems. In addition, the fund will
be used to optimize the user experience to better meet the needs of China's
growing brand name consumer market. Our goal is to utilize the technology
and resources of world-leading IT companies and to work with world-class
brand names to excel in fashion e-commerce for the fast-growing market in
China.'
Richard Hsu, managing director of Intel Capital China, said, 'Advancing the
consumer internet experience is essential to Intel's long-term strategy.
Our investment in VIPStore is helping to support and grow a segment leader
in an innovative retail experience that will accelerate consumer usage of
the internet and broaden the ecosystem for Intel products.'
Raymond Yang, founding partner of Taishan Invest AG, said, 'With the
continuous growth of GDP, China will become the largest luxury market in
the world. VIPStore's fast growth is driven by the market's needs. In
addition, VIPStore has a great team. The core management team is composed
of e-commerce experts, retail veterans, as well as fashion and art talents,
all with rich experience in operation management. That's crucial today when
talent is the first competitive power. As the first investor of VIPStore,
we will support VIPStore along the road to enhance customer experience and
improve service quality.'
Shortly after VIPStore's establishment in 2009, the company received an
investment from Taishan Invest AG as the first investor.
About VIPStore.com
VIPStore is one of the leading online retailers of brand name fashion
products in China. VIPStore was co-founded by China's elite e-commerce and
international investment organizations. Launched in September 2009,
VIPStore is headquartered in Beijing and has branch offices in Los Angeles
and Paris. VIPStore's strong supply chains spread over Europe, North
America, Australia, Japan and South Korea. It has been authorized by over
500 global top brands, which ensures its merchandise is authentic and with
competitive price (30%-70% discount). After two years of development,
VIPStore has established strong business relations with many renowned
companies, such as Renren.com, Kaixin001.com, China Merchants Bank, CMSB
(China Minsheng Banking Corp. Ltd.), Lashou.com, Yoka.com, etc.
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity
investments in innovative technology start-ups and companies worldwide.
Intel Capital invests in a broad range of companies offering hardware,
software, and services targeting enterprise, home, mobility, health,
consumer Internet, semiconductor manufacturing and cleantech. Since 1991,
Intel Capital has invested more than US$10 billion in over 1,140 companies
in 50 countries. In that timeframe, 191 portfolio companies have gone
public on various exchanges around the world and 268 were acquired or
participated in a merger. In 2010, Intel Capital invested US$327 million in
119 investments with approximately 44 percent of funds invested outside the
United States and Canada. For more information on Intel Capital and its
differentiated advantages, visit www.intelcapital.com.
About Taishan Invest AG
Taishan is a leading institutional Angel Fund in China that invests into
high growth 'angel stage' and 'early stage' startups. It was jointly
founded in 2008 by top class serial entrepreneurs and is headed by Raymond
Lei Yang, Sebastian Kübler and Jackie Chen. In 2011, Taishan was awarded as
'Most Respectable Angel Fund in China' by 'The Founder Magazine' and 'Top
30 VCs' by 'Analysys Consulting'. Investments include Lashou.com (China's
leading GroupBuying company), VIPStore.com (China's leading luxury online
retailer), Marry10.com (China's leading Wedding Portal) and Ushi.cn
(China's leading business social network).
Media contacts:
VIPStore.com
Senior PR&Brand Manager
Candy Bu
Tel: +86-13683294114
E-mail: candy.bu(at)vipstore.com
Evia Shum
PR Manager, Intel China Ltd.
Tel: +86-21-22071302
Email: evia.shum(at)intel.com
Na Lu
Ogilvy PR
Tel: +86-10-85203026
Email: na.lu(at)ogilvy.com
End of financial news
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140865 30.09.2011
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Datum: 30.09.2011 - 08:47 Uhr
Sprache: Deutsch
News-ID 490757
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