Chinese wine e-commerce company breaks into capital market

Dec 12, 2012

(MorningWhistle) - China’s wine e-commerce company WineNice.com has completed B-round financing of 100 million yuan from Shenzhen Capital Group Co., Ltd and another company, which has been confirmed by LvYide, CEO of WineNice.com. According to LvYide, the company is planning an IPO in 2014. WineNice.com, founded in 2008, is one of the largest online wine companies in China and obtained 80 million yuan in the A-round financing. It was reported that the A-round financing of WineNice.com, in September 2011, was also led by Shenzhen Capital Group.

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