The next morning, Chen Yansen took Song Yuncheng to the Penguin Headquarters. They had a pot of tea in Xiaoma's office, scored a free lunch, and then headed to the airport for a direct flight to Luzhou.
At the same time, Lei Yijun publicly announced that he had completed a fourth round of financing on October 8th. The round was led by DST Capital, with follow-on investments from Qiming, Temasek, and Qualcomm, pushing their valuation past 10 billion US dollars.
Shortly after, Chen Ou of Jumei Youpin declared on Weibo that he would submit an IPO application to Nasdaq in late October, with plans to list in the United States.
All of these moves were spurred by Vipshop's market capitalization on the US stock market exceeding 10 billion US dollars.
This figure had lit a fire under Chen Ou, Liu Qiangdong, and Ma Liyun.
