Lashou: Venture-Backed LaShou To Sell Controlling Stake To Sanpower Group

Venture-backed online group-buying service provider LaShou.com has agreed to sell a controlling stake to Jiangsu province-based conglomerate the Sanpower Group for an undisclosed amount, according to an announcement issued on Lashou's official Weibo account. In August, the Beijing-based LaShou.com reportedly received an undisclosed amount of series D financing from Milestone Capital and GSR Ventures. The […]Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.