China’s LinkedIn, Ushi, Plans $5M Fundraising
Chinese professional networking company Ushi is planning to raise $5 million in its next round, with a projected close by the end of June, Reuters reported. The company is the dominant professional-social networking site in China with more than 300,000 users. It hopes to have 10 million users within the next two years. Launched late last year, Ushi is backed by Milestone Capital, Richmond Management, Li & Fung private equity and Simon Murray & Co. The firm raised 10 million yuan ($1.54 million) in its initial round of fundraising.
31 May 2011•2 mins read
