Sequoia Capital, Tencent Holdings and MediaTek Invest More Than US$200 Million in E-commerce Platform (Asia)

Source:, Asian Venture Capital Journal | Author(s): Tim Burroughs

China-based investment holding company Tencent Holdings and Taiwan-based semiconductor manufacturer MediaTek have led a financing round worth more than US$200 million for China-based e-commerce platform Existing investor venture capital firm Sequoia Capital also participated in the round. intends to use the new capital to build a nationwide warehouse network, as well as for investment in research and development. Sequoia, Tencent and Far East Holding Group, a company engaged in wire cable businesses, all invested in between 2007 and 2012, committing more than RMB400 million (approximately US$65 million) between them.