Fortune VC injects RMB 100 mln into 315.com.cn

Published: 05 Jul 2009 19:31:37 PST

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Jul. 6, 2009 (China Knowledge) - ShenZhen Fortune Venture Capital Management Company recently announced that it will invest RMB 100 million in 315.com.cn, a Chinese B2B e-commerce platform for large-scale domestic trading, sources reported.

The funds will be used to integrate website resources and attract skilled employees.

Fortune VC said it has a positive view of the future development of B2B e-commerce in China. Both C2C and B2B e-commerce will see vigorous growth after the global financial crisis, added Fortune VC.

315.com.cn won the venture firm's recognition for its management team as well as its diversified and creative business model. It achieved profitability two years ago. Its buyers and sellers are factories and trading firms, and its trading products are standardized materials such as chemicals, fuel oil, plastic, steel, and rubber.

Last month, Fortune VC invested RMB 210 million in several projects.