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  • Chinese e-retailer Vipshop buys a big cosmetics merchant

    / E-Retailers

    Chinese e-retailer Vipshop buys a big cosmetics merchant

    Vipshop, ranked No. 8 in Internet Retailer’s new China 500 guide, is paying $132.5 million for a 75% stake in Lefeng.com. Lefeng’s parent company, Ovation, produces a line of cosmetics and Lefeng.com has sold those products as well as those of other brands.

    Posted 02/21/2014Frank TongPost a comment

    Vipshop, ranked No. 8 in Internet Retailer’s new China 500 guide, is paying $132.5 million for a 75% stake in Lefeng.com. Lefeng’s parent company, Ovation, produces a line of cosmetics and Lefeng.com has sold those products as well as those of other brands.

    Related Content:Vipshop

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