VANCL Losing More Than $95M in 2011? VANCL is said to lose more than US$ 95 million in this year while the online apparel site lost an aggregate of over US$ 39 million in the last three years. Lately a rumor broke that the company incurred a heavy loss worth over US$ 317 million. Chen Nian, founder and CEO disclaimed the rumor in the wake of VANCL’s raising of US$ 232 million in Series F round of funding.

VANCL generated US$ 19 million, US$ 47 million and US$ 190 million in sales in 2008, 2009 and 2010 respectively. Earlier this year, Chen once bragged that VANCL will record RMB 10 billion (US$ 1.58 million) in sales.

Douban New Homepage Highlights Recommendation: Douban, the hipsters’ heaven announced today to revamp its homepage in the coming weeks with a  focus on contents recommendation while Duoban Shuo, (豆瓣说 or Douban Talks) as a service will be discontinued.

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Ben Jiang

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