Yesterday we were hearing reports that global investing behemoth Digital Sky Technologies was setting up another fund, already investing in Groupon and Spotify's $100 million round and sniffing around the "Amazon of China," 360buy.com. Today the company has confirmed the reports to Reuters, revealing that the total amount of financing was an impressive 1.5 billion. 360buy.com, in the same space as Taobao, plans to IPO in 2013. 
Source: http://feedproxy.google.com/~r/Techcrunch/~3/tb4tADDUUA4/
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