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Wowo network announced obtain Goldman 200 million in venture capital

Posted by: | Posted on: March 10, 2017

yesterday following the handle network, the U.S. group net, dianping.com have introduced a new round of investment, after the results came in the forefront of the network group purchase website Chinese Wowo also came to get a new round of investment news. It is reported that it has received from Goldman’s $200 million in venture capital, which is currently the group purchase website to obtain the biggest investment, also marks the intense competition in the domestic group purchase website capital between further intensified.

litters nets a responsible person confirmed yesterday, a $200 million investment from Goldman will be mainly used for business expansion and advertising, but for the specific division of funds and the introduction of investment after the change of equity structure of litters nets, this official said is not disclosed, but in the near future will be released to the outside world.

since the end of last year, the domestic buy site set off a new round of financing climax. Last December, the U.S. group net Sequoia Capital US $20 million financing; in April this year, dianping.com also announced a $100 million third round of venture capital, and will be the focus of investment group purchase business; then handle network also announced the completion of $160 million C round of financing plan.

this is the domestic industry to buy capital competition intensified, a manifestation of hot money surge." A person in charge of the investment in the group told reporters that the capital competition will make the group purchase industry reshuffle, the small site was the site of mergers and acquisitions, entered the era of "burning".





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