Total Equity Funding: $165M in 3 Rounds from 7 Investors
Most Recent Funding: $110M Series C on March, 2011
Headquarters: Beijing, Beijing
Description: Lashou is a location-based, social commerce platform for web-based and mobile users in China.
Founders: Bo Wu
Categories: E-Commerce, Internet, Social
Founded: March 1, 2010
Contact: email@example.com | 86 10 8444 0025
Employees: 1k – 5k | 2 in Crunchbase
Lashou is a location-based, social commerce platform for web-based and mobile users in China.
Lashou enables its users to carry out online-to-offline commerce transactions and provides merchants with marketing solutions. It currently provides services in 500 Chinese cities, including Beijing, Shanghai, Hong Kong, and Taipei. The company aims to expand in Southeast Asian countries such as Malaysia, Thailand, and Singapore in the second half of this year.
Founded in March 2010, Lashou has quickly grown into China’s biggest group-purchasing website with an estimated market value of $1.1 billion. The company has raised $55 million from Tenaya Capital, Norwest Venture, the Rebate Network, and GSR Partners. As of January 20, 2011, its registered users totaled 3 million and monthly visits exceeded 30 million.