China-based retail website VIPStore.com closed a series D funding round worth more than $20m yesterday, featuring Intel Capital among others, according to business and finance website China Knowledge.
Also participating were China-based venture capital (VC) firms GSR Ventures and EZ Capital. VIPStore’s series C round fetched more than in $10m in January, and was led by GSR with participation by VC firms Taishan Invest and Green Pine Capital.
Intel Capital has invested in a series of China-based online companies recently, including media company Phoenix New Media, advertising technology company Adsit! Media and social network portal Five One Network Development.