Yishouapp.com closes USD40m Series C round led by CMC Capital

The apparel supply chain B2B e-commerce platform Yishouapp.com announced that it has received 40 million US dollars in a Series C financing round, led by CMC Capital and joined by existing investor Huaxing Growth Capital.

The apparel supply chain B2B e-commerce platform Yishou (Yishouapp.com) announced that it has received 40 million US dollars in a Series C financing round, led by CMC Capital and joined by existing investor Huaxing Growth Capital Fund.

After completing this round of financing, the company will continue to make efforts in areas such as smart manufacturing of garments, diversification of customer scenarios, digital warehouse allocation 2.0, and big data of garments, and continue to promote the whole process of digitalization and intelligence in the field of apparel production and distribution in China.

Yishou is an e-commerce wholesale platform designed to sell women apparel. The company’s platform allows clothing store owners to select and purchase large shipments of clothing and have it shipped to individual locations for resale, enabling enterprises to improve supply chain efficiency and reduce inventory.

Established only four years ago, the single-month GMV of Yishou has exceeded 200 million yuan and achieved full profit.

In the meantime, the company also develops and launches a series of digital solutions for upstream supplier inventory management and downstream store owner sales management, and strives to promote industry-wide digital and information transformation, creating a improved “platform” plus “service” business model.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/09/yishouapp-com-closes-usd40m-series-c-round-led-by-cmc-capital/.

Leave a Reply

Please Login to Comment