Luxe.Co China Investment Weekly 2017/08/05~08/11

Luxe. Co launched “Luxe.Co China Investment Weekly” in 2016, reporting weekly updates on investment and financing in the China fashion and lifestyle industries. The updates cover fashion, beauty care, food and beverage, sports and fitness, hotel and travel, household products, culture and creativity, and other related fields.

Fashion Brands

• Womenswear Fashion Brand Pom & Co. Obtained Tens of Millions of Yuan Series Pre-A Investment

The floral-themed womenswear brand Pom & Co announced on August 9th that they obtained tens of millions of yuan Series Pre-A investment. The investor was a well-known domestic womenswear enterprise, Ribo Holdings. In March 2016, the 21-year-old founder of Pom & Co obtained a personal investment of 2 million yuan from a limited partner at Hongtai Fund. In September 2016, she also obtained multiple million yuan investment led by Jing Wei Venture Capital and followed by Zhen Fund. Pom and Co’s monthly sales reaches 2 million yuan currently. The founder Shi Liu shared her journey at Pom and Co with Luxe.Co this week.

Fashion Online Platform

• Textile B2B Platform “Hundred-Cloth” Obtained 165 Million Yuan Series B+ Investment

Textile B2B Platform Hundred-Cloth announced on August 9th that they obtained 165 million yuan Series B+ investment. The investors were led by Yunqi Capital, and followed by Chengwei Capital and Yuanma Capital. Hundred-Cloth obtained more than 10 million USD Series B investment in July 2016. The platform was established in April 2014, with two APPs “Hundred Cloth Easy to Buy” and “Hundred Cloth Easy to Sell”, targeting buyers and suppliers, respectively. They have more than 800 first-tier suppliers and have built a fabric information database with more than 3 million SKUs, covering more than 80% of the fabrics in the China market.

Food & Beverage

• Soup Chain Brand “Have-a-Soup” Obtained 30 Million Yuan Series A investment

Soup Chain Brand “Have-a-Soup” announced on August 11th that they obtained 30 million yuan Series A investment in June 2017. The investor was Wuyue Capital. The company's valuation after investment reached 130 million yuan. Have-a-Soup was established in April 2015. They had received seed capital and angel capital from Taijing Capital, Huayou Life, Zhijin Capital, Yizheng Capital and etc.  With a focus on the “takeaway” market initially, they expanded into “dine-in” business, and have about 40 directly-managed shops currently. 18 of them have “takeaway” as their main business with a size of around 15 square meters each. The others have “dine-in” as their main business, with a size of around 60 square meters each. Current daily average orders exceed ten thousand, and monthly sales exceed 10 million yuan.

Sports & Fitness

• Self-Serve Gym Outlet “Mi Pao” Obtained More than 10 Million Yuan Angel Investment

Established in July 2017, Mi Pao announced on August 8th that they obtained more than 10 million yuan angel investment. Investors are Jingwei Venture Capital, Xinzhongli, Hejing Capital and Lieying Venture Capital. They have 5 gym outlets in Beijing currently. Each outlet occupies 4-5 square meters and accommodates 1-2 users at the same time. Each outlet has treadmills and other sports equipment, as well as air-conditioning, TV, fresh air system and other ancillary facilities. Users can book through a mobile APP by scanning a code. The price is 1 yuan for every 5 minutes.

Hotel and Travel

• Apartment Platform “V Guest” Youth Apartment Obtained Strategic Investment from Mofang

A Shenzhen-based apartment online platform “V Guest” youth apartment announced on August 9th that they obtained strategic investment from long-rental apartment operator Mofang. The investment will be used on its expansion in southern China market. After the cooperation, V Guest will be incorporated into Mofang Life Service Group’s brand system, which includes Mofang Apartment, Moer Apartment, No.9 Apartment and etc. V Guest youth apartment was established in early 2015 and operates 4 properties in Shenzhen currently. It often hosts various lectures, salons and baking activities to facilitate the lifestyle and preferences of the younger generation.

Note: The above information is based on the company announcement and/or online news. Luxe.Co makes reasonable efforts to obtain reliable content from third parties. Luxe.Co does not guarantee the accuracy of or endorse the views or opinions given by any third-party content provider.

| Chinese reporter: Wang Jiaqi