Lashou is a location-based, social commerce platform for web-based and mobile users in China.
Lashou enables its users to carry out online-to-offline commerce transactions and provides merchants with marketing solutions. It currently provides services in 500 Chinese cities, including Beijing, Shanghai, Hong Kong, and Taipei. The company aims to expand in Southeast Asian countries such as Malaysia, Thailand, and Singapore in the second half of this year.
Founded in March 2010, Lashou has quickly grown into China's biggest group-purchasing website with an estimated market value of $1.1 billion. The company has raised $55 million from Tenaya Capital, Norwest Venture, the Rebate Network, and GSR Partners. As of January 20, 2011, its registered users totaled 3 million and monthly visits exceeded 30 million.
Funding Rounds (3) - $165MUpdate
Board Members and Advisors (2)Update
|Jun 18, 2015||PEDaily.cn - Lashou.com Raises US$50M in Series B Funding - PEdaily.cn - Zero2IPO Group|
|Jan 4, 2014||pedaily.cn - Lashou.com Raises US$50M in Series B Funding - PEdaily.cn - Zero2IPO Group|
|Oct 22, 2012||ZD Net - Popular group-buying site in China shutters|
|Jun 28, 2012||ChinaTechNews - Internet Death Knell As Group Discount Buying Websites Merge In China|
|Feb 23, 2012||ChinaTechNews - Chinese Group Buying Website Gains IBM's Support|
|Oct 27, 2011||ZD Net - Chinese imitators of Groupon facing lean times|
|Aug 25, 2011||ZD Net - Groupon China downsizing operations, retrenching employees|
|Jul 12, 2011||TechInAsia - Dianping.com Awarded Compensation from Aibang.com in Copyright Case|