(Yicai Global) Nov. 16 -- Shanghai Ymatou Network Technology Co., a Chinese cross-border e-commerce platform, has bagged USD100 million in C-round funding led by China Merchants Capital Management Co.
Founded in 2010, YMATOU is China's first independent overseas one-stop shopping platform. In 2013, it pooled around USD10 million in A-round funding led by SaifPartners and gathered USD100 million in its B-round in 2015. The company was already in the black before announcing the results of its latest funding series.
Ymatou had the fifth largest market share among China's cross-border e-commerce markets in the third quarter of this year, data from iiMedia Research shows. NetEase Inc.'s [NASDAQ:NTES] Kaola ranked top, followed by Alibaba Group Holding Ltd.'s [NYSE:BABA] Tmall International, Vipshop Holdings Ltd.'s [NYSE:VIPS] VIP International and JD.com Inc.'s [NASDAQ:JD] JD.com Global.