YCloset

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Retail Asia02/10/2018

Alibaba has invested an undisclosed figure in Chinese garment-sharing platform YCloset. The site’s strategic fundraising round that secured the Alibaba funding will be used to expand its data analysis functions and physical operations centres. The Beijing-based service allows users to rent clothes and accessories for a monthly subscription fee. It has more than 15 million […]

Retail Asia27/09/2018

Chinese e-commerce giant Alibaba Group has invested for a second time in fashion rental platform YCloset, injecting an undisclosed sum. The Beijing-based YCloset is set to use to funds plans to expand its current team, upgrade the recommended algorithm system and continue to build its warehouse and cleaning operation centre. The start-up will also cooperate […]

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Tag: YCloset

Alibaba invests in clothes sharing platform Ycloset

Alibaba invests in China’s YCloset