Chinese Internet Retailer Gains Sina.com Investment

Shanghai-based mail order and Internet retailer Mecox Lane has announced that Sina.com and China Dongxiang plan to purchase 117,505,755 ordinary shares from its two major shareholders, Maxpro Holdings Limited and Ever Keen Holdings Limited. Under the share purchase agreement, Sina.com will buy 76,986,529 ordinary shares, which are about 19% of Mecox Lane's total issued shares; […]