Online shoe retailer Paixie.net announced Monday that it has obtained investments worth tens of millions of dollars from SIG Asia Investment and Goldman Sachs Group.
Company president Wang Jiancong stated that the company plans to use the capital to increase the site's popularity, build a network of branch warehouses and step up plans to upgrade its software and hardware systems.
Paixie.net had 2 million registered users at the end of last year and reported sale of more than 100 million yuan ($15.84 million).
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