360buy.com is an online retail platform operating in China and is positioned alongside Taobao and described in reports as the "Amazon of China." The company confirmed a $1.5 billion financing disclosed to Reuters. It reported estimated sales of $1.7 billion in 2010. The broader Chinese e-commerce market recorded roughly $79 billion in sales the prior year. 360buy has stated plans to pursue an IPO in 2013. The company is financed by large strategic and financial investors participating in this round.

Total raised

$1.5B

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2011