Wheat bags said the fourth round of financing has been in place the amount of more than 30 million

 

 

micro-blog broke the screenshot

Sina

technology news May 22nd noon news, for the recent spread of the failure of financing rumors, wheat bags CEO Ye Haifeng responded that the company’s fourth round of financing in place, amount of more than $30 million. He said that this year, the main focus is to achieve profitability, the scale of business expansion will slow down.

recently micro-blog users broke the news that the U.S. venture capital firm DCM has refused to chase the wheat bag. The micro-blog also said that wheat bags from the end of last year to stop the development of new products to digest inventory. Company layoffs, the proportion of up to 32%.

this, wheat bag CEO Ye Haifeng responded that the company’s fourth round of financing has been in place, the amount of more than $30 million. "I saw these rumors, too lazy to respond." Ye Haifeng said. He said that this year, the main focus is to achieve profitability, the scale of business expansion will slow down.

Ye Haifeng did not disclose the fourth round of financing investment institutions, but also did not respond to DCM refused to chase the argument.

for layoffs, said Ye Haifeng responded that the normal adjustment of personnel, and denied the layoffs 32% argument. The recent resignation of wheat bag staff also confirmed that there are indeed some wheat bag flow, but can not determine the specific proportion.

since 2010, wheat bag has received 3 rounds of financing, respectively, $3 million 500 thousand, $30 million and $15 million. After the wheat bag into the rapid expansion of financing stage.

2011, wheat bag flagship fast fashion concept, the new launch speed significantly accelerated. In addition, the wheat bag also introduced foreign designers to develop high-end brand JAMIE MOORE, hoping to enter the high-end market. In September last year, wheat bags in Japan open races. According to Ye Haifeng revealed that the current sales of the JAMIE MOORE brand in about 1 million per month, this is a symbolic brand, we do not expect to expand the business." (Li Yun)

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