Shenzhen Fortune Venture Capital Leads a US$100 Million Investment Round in Yoho (Asia)

Source: MarketLine

China-focused venture capital firm Shenzhen Fortune Venture Capital has led a US$100 million Series D round in China-based publishing and e-commerce company Yoho. Additional participants in the round included China-focused private equity and venture capital firms CDH Investments, China Media Capital, SAIF Partners and Telescope Capital, and Temasek Holdings’ subsidiary Vertex Venture Holdings. The company will use the new funds to accelerate the integration of its online and offline retail distribution.