COFCO (China National Cereals, Oils and Foodstuffs Corporation) says its B2C e-Commerce website has received investments from SAIF Partners .

The specific terms of the investment are not disclosed. The investment is estimated to be more than $10 million. says it will use the investment for marketing and network expansion across the country. At the same time, SAIF Partners will help with strategy, business development and capital management of the company.