Leyou, a Chinese retailer of supplies for pregnant woman and infants, has gained third round of USD30 million from international investors including AsiaVest Partners.
Hu Chao, president of Leyou said that by the end of 2009, the company will have used these funds to increase the number of chain stores to 100 across ten cities. In addition, the company is planning to list, but he did not say when.
Leyou is one of the leading retailers of supplies for pregnant women and infants in China. Its main businesses cover supplies for pregnant woman and food, toys, baby carriages, beds, books, clothes, and AV products for children under the age of six.
AsiaVest Partners is an investment company whose businesses are mainly focused on Greater China and the USA. Managing about USD1 billion, the company has invested in more than 140 companies in mainland China, Hong Kong, Taiwan, Singapore, and the USA.