Vancl, a branded apparel e-commerce service, confirmed that it has closed Series G financing of more than $100 million led by Lei Jun, CEO and co-founder of smartphone maker Xiaomi, and followed by Temasek, Ceyuan, IDG Capital Partners, Qiming Ventures and SAIF Partners (source in Chinese).

The company has secured overall $422 million in previous six rounds of financing from IDG, Ceyuan, Qiming Venture Partners, among others.

Chen Nian, founder of the company, said that Vancl will adopt a business model and positioning similar to Xiaomi’s and put more emphasis on mid- and high-tier products in 2014.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.