DST, the Russian internet investment group that backed Facebook, has joined a group of investors committing hundreds of millions of dollars to 360Buy.com, China’s largest online retailer.
This latest round of funding, the Chinese company’s third, includes investment from several other companies, such as Walmart. It is likely to pave the way for a stock-market listing in the next few years. The interest in 360Buy underlines the vast opportunity for online commerce in China, one of the largest and fastest-growing internet markets.
DST declined to comment. 360Buy was unavailable for comment.
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