Miqi.cn, a group buying vertical focusing on cosmetics has just announced raising RMB tens of millions ($1.5m) in Series A from DT Capital Partners and is on track to raise Series B round of funding. Ma Qiang, founder and CEO of Miqi said that the funding would be used to strengthen the company’s branding, customer service and beef up the team.

The cosmetic vertical just completed RMB tens of millions in angel round in April of this year.

With the help of DT Capital Partners, Miqi.cn will consolidate and restructure its online assets and business with SkinStore China, the Chinese subsidiary of American online cosmetic retailer SkinStore and have access to the latter’s branding and distribution channel, while Miqi has already teamed up with both offline retailers like Sephora and Sasa and cosmetic brands like Estee Lauder, Clinique and Elizabeth Arden.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.