Categories: Social Media News

Chinese Liquor B2C E-commerce Website Gains New Investment Round

Chinese spirits and alcohol B2C e-commerce website Jiuxian.com announced that the company has gained additional investment of CNY200 million.

This is reportedly the third-round of financing for the company in China, following the two rounds completed in 2011.

Wang Xiuming, vice president of Jiuxian.com, said that the investments were from several funds, including Beijing Rich Land Capital. According to Wang, the CNY200 million has already been received.

Wang also claimed that in 2011, Jiuxian.com’s sales reached nearly CNY500 million and the company has realized profits from the sales of liquor. However, due to the huge investment in logistics, the company still saw overall losses of about CNY80 million. For the first half of 2012, the company’s sales allegedly increased by over ten times compared with the same period of last year. For the entire year of 2012, they aim at sales of CNY2 billion while reducing their loss.

Social Media Asia Editor

Recent News

Salford Conservative group leader set to stand down ahead of major changeSalford Conservative group leader set to stand down ahead of major change

Salford Conservative group leader set to stand down ahead of major change

"This is possibly the last time I shall stand in this chamber"06:53, 20 Mar 2025Robin…

19 hours ago
Sales of Vietnamese doll plunge over face marking like China’s ‘nine-dash line’Sales of Vietnamese doll plunge over face marking like China’s ‘nine-dash line’

Sales of Vietnamese doll plunge over face marking like China’s ‘nine-dash line’

Regional tensions over the South China Sea have tanked the sales of a popular children’s…

19 hours ago
My secret life as a model: ‘High fashion loved me most when I was visibly bony’My secret life as a model: ‘High fashion loved me most when I was visibly bony’

My secret life as a model: ‘High fashion loved me most when I was visibly bony’

‘She was sitting at the kitchen table, eating raw cauliflower. For dinner.” It’s September 2024…

21 hours ago
China has debuted its new landing barges – what does this mean for Taiwan?China has debuted its new landing barges – what does this mean for Taiwan?

China has debuted its new landing barges – what does this mean for Taiwan?

The short video is shot from a public beach in China’s Guangdong province, the unidentified…

21 hours ago
Chinese tariffs come into force on $3.7-billion worth of Canadian goodsChinese tariffs come into force on $3.7-billion worth of Canadian goods

Chinese tariffs come into force on $3.7-billion worth of Canadian goods

Open this photo in gallery:Flags of Canada and China are placed for the first China-Canada…

21 hours ago
History Today: When 4 convicts in 2012 Delhi gang rape were hangedHistory Today: When 4 convicts in 2012 Delhi gang rape were hanged

History Today: When 4 convicts in 2012 Delhi gang rape were hanged

March 20 was a crucial day in India’s history.It was a day when justice was…

22 hours ago