BlueRun Ventures , an early stage venture capital firm spun off from phone maker Nokia in 2005 and Softbank China Venture Capital, the venture capital unit of Softbank Corp, invested $10m in Tianpin.com, a B2C online platform for fashion products, in August. The site offers promotional and discount campaigns.
Liu Tianmin, head and partner of Softbank China, said that Softbank thinks highly of Tianpin’s founding team, which is the reason for their investment.