Beijing-based Chinese group discount platform has received US$700 million new round of financing based on a valuation of US$7 billion, according to the announcement in its Weibo account. Details of the investors are not disclosed. The group's turnover for the year 2014 surged by 180% to RMB$46 billion (US$7.4 billion), according to the announcement. […]

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Visit the original source and full text: China Money Network