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Leyou Gains US$37M from Deutsche Bank and AsiaVest Partners
2008-07-03   21st Century Business Herald  Li Long

On July 2, Leyou, a Chinese retailer of pregnant woman and infant products, announced that it has gained Series C US$37M from Deutsche Bank and AsiaVest Partners etc. Leyou secured the largest funding amongst this sector so far.

Prior to this, AsiaVest Partners invested US$11M to Leyou in early 2007. Moreover, Leyou secured the Series A US$3.4M from Goldman Sachs and WI Harper in 2000.

According to Chao Hu, CEO of Leyou, this company plans to go public in 2010. Ms. Hu has not yet to disclose the IPO timetable.