Shanghai-based Chinese rebate shopping guide platform 51Fanli.com has received around US$20 million series B funding from SIG China, according to Chinese media reports. The company previously received series A funding of approximately US$10 million from Qiming Venture Partners and Steamboat Ventures. 51Fanli.com says it will use the proceeds on developing offline products and to integrate […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.