Magento Commerce, the Ecommerce platform, now has an impressive $250 million in new funding from Hillhouse, a Chinese investment firm. Hillhouse, one of China’s biggest investors, is led by chairman Zhang Lei, an early backer of Chinese Internet giant Tencent. Hillhouse started out 11 years ago with $20 million in funding from the Yale University Endowment. The cash infusion brings Magento’s valuation to $700 million, according to...