Dongguan Your Moon Household Textile Co said Monday that it had won US$19.59 million in venture capital funding, the Shanghai Securities News
reported. It did not say where the money came from but said the money will be used to build new factories domestically and overseas. Dongguan Your Moon said it will become a joint venture following the investment, which it said had already strengthened its export business. It has had a presence in almost all first-tier mainland cities and is ready to make a foray into second- and third-tier cities and even into rural China. It is also considering installing an office in the United States and going public.