Kaixin Started The Second Round Of Financing About US $20 Million.

Sina Technology News on the morning of March 4th, according to authoritative sources, social networking site kaixin001.com has launched the second round of financing in January, involving an amount of nearly US $20 million.

At present, Kaixin is in contact with many venture capitalists (VC). Investors will continue to invest in northern lights as the first round of Kaixin net.

Although many VC have begun to retrench since the cold winter, last year, Kaixin, which grew rapidly, still attracted the attention of mainstream VC.

According to sources, the financing plan launched by Kaixin in January has been in touch with the current mainstream VC, and at the end of February and the beginning of March, the financing negotiations are coming to an end. "May be announced in the near future that a new round of funds that have been jointly injected by a number of VC will be officially announced in the near future. The amount involved will be close to 20 million US dollars."

In September last year, the fast growing happy net got the investment of 400-500 million dollars from Aurora Borealis, and then encountered the competition of kaixin.com, which was easy to replicate, lack of innovation, and unable to scale profits.

However, at present, Kaixin net is still valued by many capital.

Deng Feng, a founding partner of Aurora, once said that as a start-up enterprise, Kaixin will encounter various situations in the short term. However, whether it is encountering Shanzhai or business model doubts is not important, and what is important is the operation ability of the team.

Some investors also told sina science and technology that the factors of team investment in the economic crisis would be more important. Even if Kaixin couldn't succeed at last, the technology and capability of its founding team should not be underestimated.

At present, Kaixin has begun to demonstrate advertising and component marketing.

Cheng Binghao, founder of Kaixin, declined to comment on the financing.