GGV Capital V

Quince, LLC, established in 2016 and headquartered in San Francisco, California, is a retailer specializing in affordable luxury apparel, accessories, and home goods. The company offers a wide range of products for men and women, including jewelry, clothing, and home textiles, all sourced directly from manufacturers using a just-in-time production model. This approach enables Quince to provide high-quality items at competitive prices while minimizing waste.

JOKR is a hyper-local delivery platform specializing in instant retail services for grocery and convenience products. It aims to enhance the shopping experience by providing fast and personalized delivery, typically within minutes or at scheduled times, thus saving customers valuable time. By utilizing a network of micro fulfillment centers, JOKR delivers a diverse range of both global and local products, while also emphasizing sustainability by minimizing food waste and supporting small businesses. The company operates in key Brazilian cities such as Rio de Janeiro and São Paulo under the brand "DAKI." JOKR's commitment to a more relevant shopping experience and its innovative approach have positioned it as a significant player in the last-mile delivery market.

Founded in 2013 by CEO Alex Zhou, Yamibuy is the leading e-commerce site to purchase the most complete selection of Asian products. Rapid year-over-year growth since the company’s founding has earned Yamibuy the distinction of being the most popular one-stop shopping destination among the Chinese community in North America.

Ownit is a company that focuses on enhancing the eCommerce experience for brands, creators, and shoppers. Founded in 2021 by seasoned eCommerce professionals Payman Nejati, Evan Shiue, and Joel Tan, the firm aims to transform commerce at the point of discovery by leveraging generative AI to publish countless shoppable articles, thus optimizing search performance. Ownit's platform enables a seamless purchasing process by creating checkout landing pages that facilitate one-tap purchases across various marketing channels, including paid ads, email, text, and influencer marketing. By presenting pricing and purchase options in a unified manner, Ownit assists shoppers in making informed purchase decisions quickly. The company is supported by notable venture capital firms and has a team committed to addressing complex challenges in the eCommerce landscape.

JOKR is a hyper-local delivery platform specializing in instant retail services for grocery and convenience products. It aims to enhance the shopping experience by providing fast and personalized delivery, typically within minutes or at scheduled times, thus saving customers valuable time. By utilizing a network of micro fulfillment centers, JOKR delivers a diverse range of both global and local products, while also emphasizing sustainability by minimizing food waste and supporting small businesses. The company operates in key Brazilian cities such as Rio de Janeiro and São Paulo under the brand "DAKI." JOKR's commitment to a more relevant shopping experience and its innovative approach have positioned it as a significant player in the last-mile delivery market.

PatPat is an online shopping platform tailored for mothers, providing significant discounts on a variety of baby, toddler, kids, and maternity products. The platform features daily deals that can reach discounts of 50-90% off, with some items available for free. By maintaining strong relationships with manufacturers, PatPat is able to offer prices that are exceptionally competitive. The shopping experience is designed to be efficient, allowing moms to easily find affordable products for their families without excessive time or financial investment. New promotional events are launched daily at 6am PST, ensuring a fresh selection of deals for shoppers.

JOKR is a hyper-local delivery platform specializing in instant retail services for grocery and convenience products. It aims to enhance the shopping experience by providing fast and personalized delivery, typically within minutes or at scheduled times, thus saving customers valuable time. By utilizing a network of micro fulfillment centers, JOKR delivers a diverse range of both global and local products, while also emphasizing sustainability by minimizing food waste and supporting small businesses. The company operates in key Brazilian cities such as Rio de Janeiro and São Paulo under the brand "DAKI." JOKR's commitment to a more relevant shopping experience and its innovative approach have positioned it as a significant player in the last-mile delivery market.

Zhuizhi Technology specializes in providing technology services tailored for fast-selling retail companies, focusing on smart retail integrated solutions. The company offers a range of products, including payment access services, mobile management assistant applets, and smart cash registers, all designed to facilitate intelligent management and enhance sales efficiency for retailers. Zhuizhi Technology's expertise encompasses store digitization, optimization of offline to online traffic, precision marketing for members, and improvements in both shopping experiences and store floor efficiency. By addressing the needs of the retail industry through innovative solutions for middle and front desk operations, Zhuizhi Technology supports merchants in managing their businesses effectively.

The Wanwu Dezhi app is an e-commerce platform that offers a wide range of mobile Internet services, including Wenwan handicraft transactions, expert online treasure appraisal, and the Guofeng life community. It is dedicated to breaking down industry barriers and using the transparency of the Internet to establish and improve industry standards and efficiency. It provides users with cost-effective and high-quality cultural and entertainment products and a high-quality shopping experience through its three core services of live streaming, bidding, and one-price (distribution), while also providing a large number of commodities and a convenient online trading platform for merchants to buy and sell goods.

JD.com, Inc., based in Beijing, is a leading e-commerce company in China, operating through its subsidiaries. It offers a wide array of products, from electronics and apparel to food and healthcare items, through its website and mobile apps. JD.com is notable for its extensive logistics network, JD Logistics, which provides efficient and reliable delivery services. The company also operates JD Health, a prominent online healthcare platform offering pharmaceuticals, medical supplies, and online consultations. JD.com's unique selling proposition lies in its self-operated logistics network, ensuring speedy and reliable delivery, and its commitment to providing authentic products. As of 2022, JD.com's gross merchandise volume (GMV) was comparable to Pinduoduo's, but still lower than Alibaba's.

HyperSKU is a dropshipping supplier that provides an online platform designed to assist dropshippers and small to medium-sized businesses in optimizing their eCommerce operations. The company offers a diverse range of products, including women's clothing, pet supplies, consumer electronics, health and beauty items, as well as home and kitchen goods. Its platform features a dynamic supplier database for efficient product sourcing, real-time synchronization with clients' stores, and express international shipping at competitive rates. By simplifying the sourcing and fulfillment processes, HyperSKU enables dropshippers to quickly fulfill orders and deliver products to customers reliably and efficiently.

The Wanwu Dezhi app is an e-commerce platform that offers a wide range of mobile Internet services, including Wenwan handicraft transactions, expert online treasure appraisal, and the Guofeng life community. It is dedicated to breaking down industry barriers and using the transparency of the Internet to establish and improve industry standards and efficiency. It provides users with cost-effective and high-quality cultural and entertainment products and a high-quality shopping experience through its three core services of live streaming, bidding, and one-price (distribution), while also providing a large number of commodities and a convenient online trading platform for merchants to buy and sell goods.

Allume is a provider of an on-demand personal shopping platform focused on helping busy women discover clothing and accessories that enhance their confidence and style. By combining data science with human interaction, Allume offers a personalized shopping experience that connects women with expert stylists who share similar tastes. This approach enables the platform to match users with clothing and accessories tailored to their body type, budget, and personal style, thereby facilitating a more efficient and satisfying shopping experience. Allume's mission centers on empowering women to make informed fashion choices that align with their individual needs and preferences.

Haitunjia is a membership-based shopping platform that allows users to purchase items at cost. The company is based in China.

Global Scanner is a social e-commerce platform targeting the middle-class in China.

Wheelwell, Inc. is an online platform based in San Francisco, California, that caters to automotive enthusiasts by facilitating the purchase of spare parts and vehicle modifications. Established in 2011, Wheelwell operates as a visual marketplace that connects vehicle owners with automotive professionals, creating a community-driven environment for automotive enhancement. Users can explore and buy a wide array of products, including exhaust systems, air intakes, suspension components, brakes, wheels, and various performance parts. Additionally, the platform aggregates automotive data, allowing consumers to access meaningful information to help them make informed decisions regarding their vehicle modifications. Founded by former Apple employees with a passion for cars and technology, Wheelwell aims to streamline the process of automotive customization while fostering collaboration among enthusiasts and industry professionals.

The Wanwu Dezhi app is an e-commerce platform that offers a wide range of mobile Internet services, including Wenwan handicraft transactions, expert online treasure appraisal, and the Guofeng life community. It is dedicated to breaking down industry barriers and using the transparency of the Internet to establish and improve industry standards and efficiency. It provides users with cost-effective and high-quality cultural and entertainment products and a high-quality shopping experience through its three core services of live streaming, bidding, and one-price (distribution), while also providing a large number of commodities and a convenient online trading platform for merchants to buy and sell goods.

Xiaoqule is a community-focused e-commerce platform headquartered in Hangzhou, China, and operates as a subsidiary of Zhejiang Gejia Network Technology Co., Ltd. The company connects local businesses with consumers, enabling the provision of cost-effective products and services tailored to community needs. Through its platform, users can order a variety of items, including seasonal fruits, vegetables, and imported snacks, while also benefiting from group ordering options. Xiaoqule emphasizes convenience by shortening transportation times and ensuring the quality of goods. Additionally, the platform offers logistical support, encompassing transportation, technology, marketing, and customer service, thereby facilitating interactions within the community and enhancing the overall shopping experience.

Global Scanner is a social e-commerce platform targeting the middle-class in China.

Niwoning.com is an e-commerce company based in China that focuses on providing grocery products and services through an online to offline (O2O) model. It offers users the convenience of purchasing items online while facilitating offline delivery. Utilizing the WeChat platform, Niwoning.com connects community users to a network of local service stores, allowing for efficient access to fresh fruits, vegetables, and daily necessities. This approach not only enhances user convenience but also aims to reduce transaction costs, making grocery shopping a more efficient experience for its customers.

OfferUp, Inc. is an online platform based in Bellevue, Washington, that facilitates local buying and selling of a wide range of items. Founded in 2011 by Arean Van Veelen and Nick Huzar, the platform allows users to post items for sale and connect with potential buyers in their vicinity, including friends and community groups. Users can browse a diverse array of categories such as electronics, furniture, vehicles, and collectibles, with new postings available daily. The platform emphasizes ease of communication, enabling users to message each other directly to negotiate prices and arrange meetings. OfferUp aims to create a convenient marketplace for individuals looking to trade goods locally.

Shoppo is a global online retailer that leverages artificial intelligence to connect consumers worldwide with high-quality products across various categories such as electronics, fashion, home decor, beauty, and outdoor gear. The platform aims to provide a user-friendly shopping experience, offering trendy items at competitive prices.

Xiaohongshu, founded in 2013 and based in Shanghai, China, is a lifestyle sharing platform that allows users to share experiences through text, images, and videos. Initially aimed at assisting overseas travelers with shopping, it has transformed into a vibrant community focused on various lifestyle areas, including cosmetics, fashion, food, travel, entertainment, reading, fitness, and childcare. The platform serves as a social e-commerce space where users can post their favorite products, share shopping experiences, and discover global merchandise, particularly in luxury and beauty sectors. By fostering user-generated content, Xiaohongshu encourages a collaborative environment for lifestyle enthusiasts to exchange insights and recommendations.

Allume is a provider of an on-demand personal shopping platform focused on helping busy women discover clothing and accessories that enhance their confidence and style. By combining data science with human interaction, Allume offers a personalized shopping experience that connects women with expert stylists who share similar tastes. This approach enables the platform to match users with clothing and accessories tailored to their body type, budget, and personal style, thereby facilitating a more efficient and satisfying shopping experience. Allume's mission centers on empowering women to make informed fashion choices that align with their individual needs and preferences.

ShopShops is a livestream shopping platform that connects consumers with brick-and-mortar retailers across the globe, allowing users to shop from diverse stores directly through their mobile devices. Founded in 2016 by Liyia Wu, the company operates from its headquarters in New York City and Beijing. The platform offers an interactive experience, enabling customers to browse efficiently by location and access authenticated products from various brands and stores. By breaking down geographical barriers, ShopShops provides a unique shopping experience that combines curation and interaction, allowing fashion-savvy consumers to explore global retail offerings conveniently and affordably.

Look is an online supplier of fashion and lifestyle content, offering a diverse range of products, including clothing and consumer goods, available for online shopping. The company provides an e-commerce service platform that enables users, particularly in China, to access a selection of over 5,000 fashion items from around the globe, thereby transcending limitations of time and geography. Look enhances the shopping experience by integrating machine learning technology with human customer service, offering personalized fashion matching services to its customers. This approach aims to create an innovative and engaging platform for users seeking worldwide fashion options.

City Shop, founded in 1995, is a prominent retail chain based in Shanghai, specializing in gourmet foods sourced globally. It offers an extensive range of high-quality products, aiming to provide a satisfying shopping experience for customers seeking international culinary delights and local food enthusiasts alike.

Haitunjia is a membership-based shopping platform that allows users to purchase items at cost. The company is based in China.

BingoBox is an innovative convenience store in China that operates with a high degree of automation, aiming to reduce operational costs and eliminate the need for on-site staff. The stores are stocked with everyday essentials, including snacks and beverages, catering to late-night shoppers. Customers gain access by scanning a QR code and can make payments through mobile platforms. Utilizing advanced technologies such as artificial intelligence, computer vision, and smart shelf systems, BingoBox effectively tracks inventory and ensures that all items are paid for before leaving the store. While the stores are not entirely automated, as remote customer service and daily restocking by staff are still in place, BingoBox represents a significant advancement in the retail sector by streamlining the shopping experience and enhancing convenience.

Shoppo is a global online retailer that leverages artificial intelligence to connect consumers worldwide with high-quality products across various categories such as electronics, fashion, home decor, beauty, and outdoor gear. The platform aims to provide a user-friendly shopping experience, offering trendy items at competitive prices.

Poshmark, Inc. is a social marketplace that facilitates the buying and selling of new and secondhand lifestyle products, including apparel, footwear, home items, beauty products, and accessories. Founded in 2011 and headquartered in Redwood City, California, Poshmark combines the personal touch of physical shopping with the convenience of e-commerce, making transactions simple, social, and sustainable. The platform caters to a diverse community of over 80 million registered users across the United States, Canada, Australia, and India. Poshmark promotes sustainable consumption by encouraging users to resell and purchase pre-owned items, thereby fostering a more environmentally conscious approach to fashion and lifestyle choices. With millions of active buyers and sellers, Poshmark is shaping the future of commerce through its innovative platform.

Founded in 2013 by CEO Alex Zhou, Yamibuy is the leading e-commerce site to purchase the most complete selection of Asian products. Rapid year-over-year growth since the company’s founding has earned Yamibuy the distinction of being the most popular one-stop shopping destination among the Chinese community in North America.

BingoBox is an innovative convenience store in China that operates with a high degree of automation, aiming to reduce operational costs and eliminate the need for on-site staff. The stores are stocked with everyday essentials, including snacks and beverages, catering to late-night shoppers. Customers gain access by scanning a QR code and can make payments through mobile platforms. Utilizing advanced technologies such as artificial intelligence, computer vision, and smart shelf systems, BingoBox effectively tracks inventory and ensures that all items are paid for before leaving the store. While the stores are not entirely automated, as remote customer service and daily restocking by staff are still in place, BingoBox represents a significant advancement in the retail sector by streamlining the shopping experience and enhancing convenience.

Houzz Inc. is an online platform dedicated to home design and furnishings, connecting homeowners, design enthusiasts, and home improvement professionals globally. Established in 2008 and headquartered in Palo Alto, California, Houzz offers a comprehensive range of services, enabling users to find design inspiration, hire professionals, and shop for home products, including kitchen, bath, and outdoor items. The platform features the largest residential design database in the world, facilitating the sharing of ideas and advice within a vibrant community. Additionally, Houzz Pro provides a Software-as-a-Service solution for professionals in the home remodeling and design sectors, helping them manage their businesses effectively. The company has expanded its reach with offices in key international locations, including London, Berlin, Sydney, Moscow, and Tokyo.

Wheelwell, Inc. is an online platform based in San Francisco, California, that caters to automotive enthusiasts by facilitating the purchase of spare parts and vehicle modifications. Established in 2011, Wheelwell operates as a visual marketplace that connects vehicle owners with automotive professionals, creating a community-driven environment for automotive enhancement. Users can explore and buy a wide array of products, including exhaust systems, air intakes, suspension components, brakes, wheels, and various performance parts. Additionally, the platform aggregates automotive data, allowing consumers to access meaningful information to help them make informed decisions regarding their vehicle modifications. Founded by former Apple employees with a passion for cars and technology, Wheelwell aims to streamline the process of automotive customization while fostering collaboration among enthusiasts and industry professionals.

OfferUp, Inc. is an online platform based in Bellevue, Washington, that facilitates local buying and selling of a wide range of items. Founded in 2011 by Arean Van Veelen and Nick Huzar, the platform allows users to post items for sale and connect with potential buyers in their vicinity, including friends and community groups. Users can browse a diverse array of categories such as electronics, furniture, vehicles, and collectibles, with new postings available daily. The platform emphasizes ease of communication, enabling users to message each other directly to negotiate prices and arrange meetings. OfferUp aims to create a convenient marketplace for individuals looking to trade goods locally.

Founded in 2010 and based in San Francisco, Wish is an e-commerce platform that offers a wide range of affordable goods to consumers globally. The platform utilizes big data, machine learning, and search technologies to deliver a visually engaging and personalized shopping experience. Wish connects customers with a vast network of direct suppliers, enabling access to quality products through a mobile-friendly interface. It features a diverse product selection, including clothing, accessories, gaming equipment, cosmetics, and mobile covers. By 2018, Wish had attracted over 80 million monthly active users and collaborated with more than one million merchants, selling nearly one billion products each year. The company primarily generates revenue from Europe, while also maintaining a presence in North America, South America, and other regions.

Poshmark, Inc. is a social marketplace that facilitates the buying and selling of new and secondhand lifestyle products, including apparel, footwear, home items, beauty products, and accessories. Founded in 2011 and headquartered in Redwood City, California, Poshmark combines the personal touch of physical shopping with the convenience of e-commerce, making transactions simple, social, and sustainable. The platform caters to a diverse community of over 80 million registered users across the United States, Canada, Australia, and India. Poshmark promotes sustainable consumption by encouraging users to resell and purchase pre-owned items, thereby fostering a more environmentally conscious approach to fashion and lifestyle choices. With millions of active buyers and sellers, Poshmark is shaping the future of commerce through its innovative platform.

XiaoHongChun is a prominent platform that caters to young women by combining a vertical short video community with a fashion business model. Launched in April 2015, the company operates various segments, including the Xiaohonglip app, internet celebrity brokerage, beauty brand operations, and cross-border e-commerce supply chain. By facilitating social interactions in the beauty and fashion sectors, XiaoHongChun effectively guides consumers through cosmetics video sharing and offers shopping assistance, thereby enhancing the shopping experience for its users.

Xiaohongshu, founded in 2013 and based in Shanghai, China, is a lifestyle sharing platform that allows users to share experiences through text, images, and videos. Initially aimed at assisting overseas travelers with shopping, it has transformed into a vibrant community focused on various lifestyle areas, including cosmetics, fashion, food, travel, entertainment, reading, fitness, and childcare. The platform serves as a social e-commerce space where users can post their favorite products, share shopping experiences, and discover global merchandise, particularly in luxury and beauty sectors. By fostering user-generated content, Xiaohongshu encourages a collaborative environment for lifestyle enthusiasts to exchange insights and recommendations.

ezbuy Holdings Limited is a prominent online marketplace based in Singapore, established in 2010. It specializes in cross-border e-commerce and serves as the largest such platform in Southeast Asia. The company connects consumers to an extensive range of products, including apparel, home furnishings, electronics, and beauty items from various international sources, including China, the USA, Korea, and local merchants. To enhance customer experience, ezbuy offers several innovative features, such as a subscription service that allows for flat-rate shipping, product reviews for informed purchasing decisions, and a same-day delivery option. Operating across Singapore, Malaysia, Thailand, and Indonesia, ezbuy focuses on providing a convenient and cost-effective shopping experience through its website and mobile application, which support multiple languages.

Chuchujie, founded in 2011, operates as an online marketplace that aggregates various international brands under a single platform. Initially established as a shopping guide, it focused on providing information about deals priced at RMB9.90 or below. The company has since evolved to offer a comprehensive shopping experience, allowing clients to purchase items conveniently and have them delivered to their specified locations. This approach not only saves time for customers but also enhances their access to a diverse range of products.

Houzz Inc. is an online platform dedicated to home design and furnishings, connecting homeowners, design enthusiasts, and home improvement professionals globally. Established in 2008 and headquartered in Palo Alto, California, Houzz offers a comprehensive range of services, enabling users to find design inspiration, hire professionals, and shop for home products, including kitchen, bath, and outdoor items. The platform features the largest residential design database in the world, facilitating the sharing of ideas and advice within a vibrant community. Additionally, Houzz Pro provides a Software-as-a-Service solution for professionals in the home remodeling and design sectors, helping them manage their businesses effectively. The company has expanded its reach with offices in key international locations, including London, Berlin, Sydney, Moscow, and Tokyo.

Totspot is a mobile marketplace designed for families to buy and sell resale fashion, providing a user-friendly platform that allows parents to shop with ease. By enabling personalized searches based on size, brand preference, and seller affinity, Totspot offers customers an average savings of 70% off retail prices. The selling process is streamlined, requiring less than 60 seconds to post an item, with all transactions conducted within the app. Founded in January 2008 and headquartered in Mountain View, California, Totspot aims to blend shopping with community engagement, making it a convenient choice for families looking to manage their children's fashion needs.

Meilishuo is a Chinese online platform that caters to fashion-conscious women by offering a Pinterest-like experience focused on personalized shopping for clothing, cosmetics, and accessories. Launched in November 2009, the platform allows users to search for expert advice, explore shops, and engage in group buying while sharing links to their favorite products. Meilishuo primarily aggregates listings from third-party sites, with a significant focus on Taobao, China's largest e-commerce platform. When users click on products, they are redirected to these external sites to complete their purchases, after which Meilishuo earns a commission. Since its launch, the platform has attracted 150 million registered users, with a daily user volume of 3.2 million and approximately 164 million daily page views. Meilishuo plays a notable role in driving traffic to Taobao, contributing around 700 million yuan to its monthly turnover. The company faces competition from other platforms, notably Mogujie, in the burgeoning market for fast fashion among young women in China.

ContextLogic Inc., formerly known for its Wish ecommerce platform, is a technology-driven company specializing in the online retail sector. The company previously offered a global marketplace connecting consumers with merchants through a mobile shopping experience. Following a recent transaction, ContextLogic has sold its operating assets to Qoo10 and now focuses on leveraging its substantial net operating losses (NOLs) for future financial opportunities. ContextLogic continues to explore ways to maximize the value of these tax attributes while managing reduced operational expenses.

ContextLogic Inc., formerly known for its Wish ecommerce platform, is a technology-driven company specializing in the online retail sector. The company previously offered a global marketplace connecting consumers with merchants through a mobile shopping experience. Following a recent transaction, ContextLogic has sold its operating assets to Qoo10 and now focuses on leveraging its substantial net operating losses (NOLs) for future financial opportunities. ContextLogic continues to explore ways to maximize the value of these tax attributes while managing reduced operational expenses.

Qunar is a prominent Chinese-language online travel information provider, established in 2005 in Beijing. It operates as a search engine for web and mobile users, offering comprehensive travel-related information including flights, hotels, holiday packages, and group-buying deals. The platform aims to facilitate informed travel decisions by providing users with vast amounts of data from over 700 Chinese online travel websites, encompassing more than 100,000 hotels and 11,000 air routes. With a user base of approximately 75 million monthly visitors and 34 million activated mobile app users, Qunar leverages advanced technology to deliver fast and accurate search results. The company also features group-buying deals across more than 100 cities in China. As a significant player in the travel industry, Qunar competes primarily with Elong and Ctrip.

Qunar is a prominent Chinese-language online travel information provider, established in 2005 in Beijing. It operates as a search engine for web and mobile users, offering comprehensive travel-related information including flights, hotels, holiday packages, and group-buying deals. The platform aims to facilitate informed travel decisions by providing users with vast amounts of data from over 700 Chinese online travel websites, encompassing more than 100,000 hotels and 11,000 air routes. With a user base of approximately 75 million monthly visitors and 34 million activated mobile app users, Qunar leverages advanced technology to deliver fast and accurate search results. The company also features group-buying deals across more than 100 cities in China. As a significant player in the travel industry, Qunar competes primarily with Elong and Ctrip.

Houzz Inc. is an online platform dedicated to home design and furnishings, connecting homeowners, design enthusiasts, and home improvement professionals globally. Established in 2008 and headquartered in Palo Alto, California, Houzz offers a comprehensive range of services, enabling users to find design inspiration, hire professionals, and shop for home products, including kitchen, bath, and outdoor items. The platform features the largest residential design database in the world, facilitating the sharing of ideas and advice within a vibrant community. Additionally, Houzz Pro provides a Software-as-a-Service solution for professionals in the home remodeling and design sectors, helping them manage their businesses effectively. The company has expanded its reach with offices in key international locations, including London, Berlin, Sydney, Moscow, and Tokyo.

Meilishuo is a Chinese online platform that caters to fashion-conscious women by offering a Pinterest-like experience focused on personalized shopping for clothing, cosmetics, and accessories. Launched in November 2009, the platform allows users to search for expert advice, explore shops, and engage in group buying while sharing links to their favorite products. Meilishuo primarily aggregates listings from third-party sites, with a significant focus on Taobao, China's largest e-commerce platform. When users click on products, they are redirected to these external sites to complete their purchases, after which Meilishuo earns a commission. Since its launch, the platform has attracted 150 million registered users, with a daily user volume of 3.2 million and approximately 164 million daily page views. Meilishuo plays a notable role in driving traffic to Taobao, contributing around 700 million yuan to its monthly turnover. The company faces competition from other platforms, notably Mogujie, in the burgeoning market for fast fashion among young women in China.

Meilishuo is a Chinese online platform that caters to fashion-conscious women by offering a Pinterest-like experience focused on personalized shopping for clothing, cosmetics, and accessories. Launched in November 2009, the platform allows users to search for expert advice, explore shops, and engage in group buying while sharing links to their favorite products. Meilishuo primarily aggregates listings from third-party sites, with a significant focus on Taobao, China's largest e-commerce platform. When users click on products, they are redirected to these external sites to complete their purchases, after which Meilishuo earns a commission. Since its launch, the platform has attracted 150 million registered users, with a daily user volume of 3.2 million and approximately 164 million daily page views. Meilishuo plays a notable role in driving traffic to Taobao, contributing around 700 million yuan to its monthly turnover. The company faces competition from other platforms, notably Mogujie, in the burgeoning market for fast fashion among young women in China.

Meilishuo is a Chinese online platform that caters to fashion-conscious women by offering a Pinterest-like experience focused on personalized shopping for clothing, cosmetics, and accessories. Launched in November 2009, the platform allows users to search for expert advice, explore shops, and engage in group buying while sharing links to their favorite products. Meilishuo primarily aggregates listings from third-party sites, with a significant focus on Taobao, China's largest e-commerce platform. When users click on products, they are redirected to these external sites to complete their purchases, after which Meilishuo earns a commission. Since its launch, the platform has attracted 150 million registered users, with a daily user volume of 3.2 million and approximately 164 million daily page views. Meilishuo plays a notable role in driving traffic to Taobao, contributing around 700 million yuan to its monthly turnover. The company faces competition from other platforms, notably Mogujie, in the burgeoning market for fast fashion among young women in China.

HUBS1 is a next-generation Global Distribution System (GDS) operator based in China, specializing in travel distribution infrastructure for the hospitality sector. The company offers a web-based platform that enables hotels and hotel groups to book travel inventory, particularly hotel rooms, while effectively managing distribution. HUBS1's platform serves as a Central Reservation System, connecting with the world's leading GDSs and acting as a gateway for hotels to reach numerous distribution channels. These channels include thousands of Chinese travel agencies, online hotel-booking wholesalers, corporations, travel meta-search websites, and international travel agencies. By providing real-time capabilities, HUBS1 streamlines the reservation and account settlement processes, enhancing operational efficiency for its clients in the hospitality industry.

Qunar is a prominent Chinese-language online travel information provider, established in 2005 in Beijing. It operates as a search engine for web and mobile users, offering comprehensive travel-related information including flights, hotels, holiday packages, and group-buying deals. The platform aims to facilitate informed travel decisions by providing users with vast amounts of data from over 700 Chinese online travel websites, encompassing more than 100,000 hotels and 11,000 air routes. With a user base of approximately 75 million monthly visitors and 34 million activated mobile app users, Qunar leverages advanced technology to deliver fast and accurate search results. The company also features group-buying deals across more than 100 cities in China. As a significant player in the travel industry, Qunar competes primarily with Elong and Ctrip.

HUBS1 is a next-generation Global Distribution System (GDS) operator based in China, specializing in travel distribution infrastructure for the hospitality sector. The company offers a web-based platform that enables hotels and hotel groups to book travel inventory, particularly hotel rooms, while effectively managing distribution. HUBS1's platform serves as a Central Reservation System, connecting with the world's leading GDSs and acting as a gateway for hotels to reach numerous distribution channels. These channels include thousands of Chinese travel agencies, online hotel-booking wholesalers, corporations, travel meta-search websites, and international travel agencies. By providing real-time capabilities, HUBS1 streamlines the reservation and account settlement processes, enhancing operational efficiency for its clients in the hospitality industry.