VIPStore.com, Chinese online retailer of luxury goods announced raising a new round of tens of millions dollars led by Intel Capital with other participants including GSR Ventures, Taishan Invest AG, Litian Investment and HGI Capital. The funding will go towards boosting global supply chain system and user experience, according to Yang Peifeng, CEO of the Beijing-based company.

Yang refused to tell the exact funding amount for this round.

Bo Junquan, Investment Director of Intel Capital said that the venture fund will back up VIPStore to its initial public offering.

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Ben Jiang

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