SIG China, a subsidiary of investment and technology company Susquehanna International Group, has invested $20m in China-based retail listings and rebates site 51Fanli.com, according to China Money Network, which cited reports in local media.
Founded in 2006, 51Fanli operates as an online directory of e-commerce sites and a provider of e-commerce coupons, and has more than 35 million users. It previously raised $10m from Disney-owned venture capital firm Steamboat Ventures and Qiming Venture Partners in 2011.
The company will invest the funding in developing its offline offering and integrating it with its online rebate service to create a unified platform.