LightInTheBox (LITB) secures $5.49M private funding to drive AI commerce shift
LightInTheBox Holding Co., Ltd. (LITB) announced the completion of a private placement, raising approximately $5.49 million to accelerate its AI-driven strategic transformation. Chairman and CEO Jian He invested $1.09 million, increasing his beneficial ownership to 24.1%. The company plans to use the proceeds to …