THE BRIDGE - Apr 7 - The firm has recently conducted a second funding round of an undisclosed amount from Mercari CEO Shintaro Yamada, East Ventures, 500 Startups, iSGS Investment Works, and DeNA. The number of registered users in 2015 increased 7-fold last year and the sales amount has been increasing at a growth of 30-40% month-to-month. The factor that made EastMeetEast possible to grow without competing with majors may be the targeting specific users, it focuses in particular on individuals from East and Southeast Asia including China, Korea, the Philippines, and Vietnam.
by Yukari Mitsuhashi
See full article at The Bridge
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Summarized by the Courtland Brooks team
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