The C-series round values the Chinese online shopping company at approximately USD 1 billion. As part of this investment, Kevin H. Johnson, CEO of Ebates, a Rakuten Group company, will join Fanli’s board of directors.
Fanli is a rebate-based loyalty shopping program in China, offering the “Super Rebates” flash promotion service, a combination of cash back and flash sales for brands. Ebates, which operates Chinese cross-border loyalty shopping sites Ebates.cn and Extrabux.com, is an online shopper loyalty program in the US. Rakuten, which acquired Ebates in 2014, is an ecommerce site in Japan, which is expanding its global market service and cross-border shopping capabilities.
Rakuten provides a variety of products and services for consumers and businesses, with a focus on ecommerce, finance and digital content. Rakuten currently operates throughout Asia, Europe, the Americas and Oceania. Founded in 1997, Rakuten is headquartered in Tokyo.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright