Fortune VC signed a capital expansion agreement with Premium Household Furniture on 29th August. Premium Household Furniture took up a share of about 10.0% in Chinese furniture market, and grows at an annual rate of 20.0%, indicating a great development prospect for the sector. Fortune VC has pumped tens of millions of RMB in the enterprise with the hope that this firm would become the industry leader in the era of customized furniture.
Fu Zhonghong, the investment manager, noted that Premium Household Furniture was a player in an emerging service sector, and set a model in combining informatization with traditional sector. He hoped his company would make an IPO on the Growth Enterprise Market in view of his company's light assets.