Portfolio.
Lucky Pai
Acquired, LOTTE
E-Commerce
Luckypai was founded in 2006 and became a leading TV home shopping company operating nationwide in China. The company has experienced fast growth since its inception and currently has sales over RMB 1 bn and 1,400 employees.
"Lightspeed had been instrumental in working with us to develop a growth strategy, acting quickly and decisively to capture M&A opportunities, and always giving unwavering vote of confidence in fund raising. The leadership by Lightspeed at board level helped us tremendously to focus on critical execution tasks to build a solid and desirable business in China."
FOUNDERS/EXECUTIVES:
Wayne Zhang, Founder and CEO
Raymond Chang, Founder
