Chuan shoes share website good music to buy $ 10 million investment by Sequoia Capital

November 25, B2C mode of business companies nowadays are hot, widely favored by venture capital.Reporter yesterday learned exclusively, the e-commerce company to buy good music (Okaybuy) Information Technology Co., Ltd. has completed the first round of nearly $ 10 million financing, investment artificially Sequoia China, but both sides did not disclose specific financial information.Good music to buy was founded in November 2007, the goal is the best Chinese service, the largest authentic network and directory company, its founder Ro confirm the news, he also disclosed to reporters, said this in the middle of this year the completion of the first round of financing will be mainly used for website promotion.Prior to this, Luming do sales of nearly 20 years of business, has a wealth of experience and contacts in the field, and especially in the procurement of goods, inventory management have a unique understanding and practice.A partner of the company president Li Shubin SOIT Huaqi's well-known network comparison shopping platform as CEO and CTO.Two typical cement + mouse "entrepreneurs partner exactly Sequoia Capital value of good music to buy key.For e-commerce company touted Ro outside in addition to market demand exists, is also largely depends on the development of Internet technology and the gradual maturing of the Internet users, especially the development of the convenience of online payment methods, as well as logistics and other supporting industries. 'The future the core B2C e-commerce company competition will focus on inventory management capabilities and shelves efficiency level. 'Ro told reporters.In his view, the core competitiveness of good music to buy inventory management capabilities in their own unique and efficient shelf management level.According to Ro disclose, good music to buy now daily shipments of approximately 1000 pairs, and the monthly growth rate of 20% -30%, he expects the company's sales in 2010 will reach about 300 million yuan.Coincidentally, Sequoia Capital investment in the United States model of good music to buy well-known e-commerce companies like Zappos, the company was founded in 1999, total revenues reached $ 1,000,000,000 and net income of $ 625 million in 2008.Earlier this month, Zappos was the Amazon acquisition price of $ 1.2 billion.The transaction price also hit the highest price in Amazon bought the company. 'Genuine market in China is a bigger market than the U.S. market, "Ro said," Sequoia Capital gives us the will is not just financial, investment Zappos experience will help us to grow into the best e-commerce company. '

 

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