Hao Jianyao, Co-founder and Vice-President from the online underwear brand LA MIU, recently revealed that his firm is close to completing its negotiations about the series C round of financing, which is expected to bring about an investment to the tune of RMB tens of millions and to be completed by the end of march.

Set up in 2008, Youpin Shenghuo is the wholly owned subsidiary of Unlimited Brands Ltd in China responsible for the marketing of the underwear brand LA MIU.