Pet e-commerce finds favour in China

                        As the annual spend on their dogs and cats increased 15% last year in China, venture capitalists like Lightspeed, K2VC and DCM have begun to boost their investment in pet e-commerce.

                        As people spend more-and-more on their cats and dogs, investors have started to pay attention to the?pet e-commerce industry.

                        Three pet e-commerce companies have raised money in the past seven days. Petkit, a wearable device manufacturer for dogs, raised $20 million in Series C funding from Qiming Venture Partners and GGV Capital?pet product seller Chongjia got at least Rmb10 million $1.5 million from K2VC and Lightspeed China Partners for its angel round and Touchdog, another pet product seller, raised over Rmb10 million from TenplusVC and other investors.

                        The Chinese have started to pay an increasing amount?of?attention to their...

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