IDG Capital

Miracle Miles tech is a footwear and clothing enterprise that owns five independent brands.

Cider is a direct-to-consumer (DTC) e-commerce platform focusing on overseas markets. Its innovative approach to building community, reducing inventory waste, and shipping anywhere has made it a new favorite for a generation of digitally native consumers. By integrating a pre-order option and educating the customer on the possibility of a zero-inventory future, Cider’s retail model is actively reducing the waste that often accompanies accessible fashion — without having to sacrifice affordability. It was founded in 2020 and is based in Hong Kong.

D2CMALL.COM is an e-commerce platform for fashion and beauty products. It combines trendy fashion, cutting-edge art, and personalized design, and it collects the most plentiful, novel, and high-quality women's clothing. Menswear, shoes, bags, and fashion accessories are all available. The official website offers private customized brands in addition to the limited pre-sale of designer products. The D2C designer integration store is now open throughout the country.

Cider is a direct-to-consumer (DTC) e-commerce platform focusing on overseas markets. Its innovative approach to building community, reducing inventory waste, and shipping anywhere has made it a new favorite for a generation of digitally native consumers. By integrating a pre-order option and educating the customer on the possibility of a zero-inventory future, Cider’s retail model is actively reducing the waste that often accompanies accessible fashion — without having to sacrifice affordability. It was founded in 2020 and is based in Hong Kong.

Quansu Zaixian is a China-based fast fashion export e-commerce brand.

Plum is an e-commerce platform for second-hand fashion products. It works as a one-stop consignment service platform that provides filming, sales, customer service, sale, and a full set of consignment services.

Henan Yicang Youpin Department Store Co., Ltd. is a Chinese retailer that specializes in the online sale of various apparel brands, including clothing, footwear, and children's wear. Established in 2016, the company focuses on promoting domestic brands and operates under a multi-brand strategy that integrates both physical and online retail channels. Its business model emphasizes a new retail format, linking stores with e-commerce to foster a consumer ecosystem. With its headquarters in Xinxiang, Yicang Youpin aims to expand its reach across the country, particularly in third- and fourth-tier cities, through franchise brand collection discount stores and centralized sales strategies. The company supports small local businesses by providing low-cost entry points for aspiring entrepreneurs to launch their own apparel shops, thereby enhancing consumer choices and driving brand promotion.

T She Dingzhi offers a platform for clothes design. Their business enables additional, fully-customizable t-shirts, hoodies, and sweaters to its clients. Through responsible, managed services, subscription cultural apparel, and other means, they are dedicated to assisting businesses in improving their services. It adapts and pursues accuracy and exquisite, repeatedly setting the bar for the sector.

Plum is an e-commerce platform for second-hand fashion products. It works as a one-stop consignment service platform that provides filming, sales, customer service, sale, and a full set of consignment services.

YCloset was an online platform based in Beijing that offered a clothing rental and shopping service specifically for women. Founded in 2015, the platform allowed users to enroll for a monthly fee, enabling them to rent clothes and accessories without additional charges for individual items. YCloset operated in approximately 40 cities across China, including major urban centers like Beijing, Shanghai, Guangzhou, and Shenzhen. The company partnered with over a hundred fashion brands to provide a diverse selection of rental options, helping women stay current with fashion trends without the need to purchase new clothing. However, YCloset announced its closure, ceasing operations by August 15, 2021.

YCloset was an online platform based in Beijing that offered a clothing rental and shopping service specifically for women. Founded in 2015, the platform allowed users to enroll for a monthly fee, enabling them to rent clothes and accessories without additional charges for individual items. YCloset operated in approximately 40 cities across China, including major urban centers like Beijing, Shanghai, Guangzhou, and Shenzhen. The company partnered with over a hundred fashion brands to provide a diverse selection of rental options, helping women stay current with fashion trends without the need to purchase new clothing. However, YCloset announced its closure, ceasing operations by August 15, 2021.

Farfetch is an online platform established in 2008 that connects buyers and sellers in the luxury fashion sector. It collaborates with over 1,000 independent boutiques and luxury brands, offering a diverse range of products, including clothing, accessories, and footwear. The company operates a comprehensive e-commerce website that enables these retailers to showcase their inventories to nearly a million active customers. Farfetch's technology infrastructure is designed to facilitate the luxury fashion ecosystem, featuring an API-enabled proprietary technology stack that supports applications, services, and data management. The platform also includes the Browns stores and the New Guard Group, enhancing its retail capabilities. Farfetch generates revenue by charging a commission on sales made through its marketplace, typically exceeding 30%.

YCloset was an online platform based in Beijing that offered a clothing rental and shopping service specifically for women. Founded in 2015, the platform allowed users to enroll for a monthly fee, enabling them to rent clothes and accessories without additional charges for individual items. YCloset operated in approximately 40 cities across China, including major urban centers like Beijing, Shanghai, Guangzhou, and Shenzhen. The company partnered with over a hundred fashion brands to provide a diverse selection of rental options, helping women stay current with fashion trends without the need to purchase new clothing. However, YCloset announced its closure, ceasing operations by August 15, 2021.

XY Mens is a domestic e-commerce company specializing in men's fashion and lifestyle. The platform offers a diverse range of products, including men's clothing, skin care, furniture, sports gear, and technology. In addition to its retail offerings, XY Mens publishes original content related to men's fashion and lifestyle, enhancing the customer experience and helping men improve their quality of life. The company boasts advanced capabilities in graphic and video production, allowing for effective content distribution across various channels. With a strong focus on international perspectives and cross-border logistics, XY Mens also manages supply chains for commodity products and high-value male-oriented projects, fostering high repurchase rates among its clientele.

Inagora Inc. is a Japanese company that specializes in cross-border e-commerce, primarily connecting Japanese businesses with overseas customers, particularly in China. Founded in 2014 and based in Minato, Japan, Inagora operates the mobile application Wando, which facilitates cross-border transactions by offering services such as content creation, marketing, logistics, and settlement without currency risk. The platform, known as Wandou, caters to approximately 3 million users and features around 40,000 products, focusing on categories like cosmetics, clothing, and food from various Japanese brands. Through its innovative approach, Inagora aims to enhance the accessibility of Japanese goods to international markets.

Yiqihuo is an online women's clothing shop.

T She Dingzhi offers a platform for clothes design. Their business enables additional, fully-customizable t-shirts, hoodies, and sweaters to its clients. Through responsible, managed services, subscription cultural apparel, and other means, they are dedicated to assisting businesses in improving their services. It adapts and pursues accuracy and exquisite, repeatedly setting the bar for the sector.

D2CMALL.COM is an e-commerce platform for fashion and beauty products. It combines trendy fashion, cutting-edge art, and personalized design, and it collects the most plentiful, novel, and high-quality women's clothing. Menswear, shoes, bags, and fashion accessories are all available. The official website offers private customized brands in addition to the limited pre-sale of designer products. The D2C designer integration store is now open throughout the country.

IWODE Trendy Tailor is a manufacturer that offers tailoring services. They offer high-quality, exquisite-tasting personalized apparel at a reasonable price. There are no hidden fees for extra services such as embroidery of names or other extra labor that IWODE may supply. They also provide free ironing, adjustments, and delivery with no minimum purchase requirement.

KOMANIC is a women's fashion brand that offers luxury shoes.

BeiBei Group, founded in 2011 and based in Hangzhou, China, operates a comprehensive e-commerce platform that specializes in women and children's apparel, accessories, household goods, diapers, and toys. The company is dedicated to providing a wide variety of products at competitive prices, catering to the needs of families. With a focus on convenience, BeiBei offers free delivery services, allowing customers to receive their purchases at specified times and locations. The founding team comprises former members of Alibaba, and the company has attracted significant venture capital investment from various notable firms. BeiBei aims to establish itself as a leading technology retail platform in the global market.

SHEIN is an online marketplace that specializes in women's apparel, offering a wide range of fashion items including clothing, shoes, jewelry, and accessories. Founded in 2008 and headquartered in Jiangsu, China, SHEIN operates as an international B2C fast fashion e-commerce platform, serving customers in over 220 countries and regions. The company utilizes on-demand manufacturing technologies to link suppliers with an agile supply chain, effectively reducing inventory waste and allowing for the delivery of a diverse array of affordable products. By focusing on accessibility and affordability, SHEIN aims to make fashion accessible to a global audience.

Yetang is a Chinese e-commerce platform that caters to young consumers seeking to discover and shop for independent designers. Established in 2014, Yetang offers a wide selection of fashion and lifestyle products, featuring items from approximately 800 designers across 34 countries. By focusing on indie apparel and accessories, Yetang enables customers to engage with smaller brands and access unique products that are not typically available through mainstream retail channels.

BeiBei Group, founded in 2011 and based in Hangzhou, China, operates a comprehensive e-commerce platform that specializes in women and children's apparel, accessories, household goods, diapers, and toys. The company is dedicated to providing a wide variety of products at competitive prices, catering to the needs of families. With a focus on convenience, BeiBei offers free delivery services, allowing customers to receive their purchases at specified times and locations. The founding team comprises former members of Alibaba, and the company has attracted significant venture capital investment from various notable firms. BeiBei aims to establish itself as a leading technology retail platform in the global market.

Yetang is a Chinese e-commerce platform that caters to young consumers seeking to discover and shop for independent designers. Established in 2014, Yetang offers a wide selection of fashion and lifestyle products, featuring items from approximately 800 designers across 34 countries. By focusing on indie apparel and accessories, Yetang enables customers to engage with smaller brands and access unique products that are not typically available through mainstream retail channels.

MOGU is an consumer platform aimed towards women, achieved through e-commerce, social media, influencers and content driven services. Their content covers all areas of the fashion world and they have a huge range of age groups and interest covered through their numerous apps and platform. MOGU Inc. is a destination of fashion. With various kinds of fashion content and abundant fashion products, MOGU Inc. allows people to discover and share fashion trends while fully enjoying high-quality shopping experience. In 2011, MOGU Inc. launched fashion platform under the Mogujie brand . In 2016, the merger of Mogujie and Meilishuo was completed.Currently, MOGU Inc.'s online platform includes Mogujie.com and Meilishuo.com websites, mogujie mobile app, Meilishuo mobile app, Uni mobile app and several WeChat Mini programs.

VANCL is an online retailer based in Beijing, China, specializing in a wide range of apparel, accessories, footwear, and textiles. Founded in 2007 by Chen Nian, the company offers a diverse selection of products, including shirts, dresses, pants, shoes, and various accessories such as bags, scarves, and sunglasses. By focusing on modern styles at competitive prices, VANCL aims to provide customers with high-quality clothing options. In addition to its online presence, the company operates physical stores, enhancing its accessibility to consumers.

INMAN is a Chinese online retail brand specializing in cotton and linen apparel for everyday use. Founded in 2008 by chairman Fangjianhua, the company has established itself as a prominent player in the online fashion market. INMAN is known for its design philosophy that emphasizes a "simple and elegant" aesthetic, aligning its products with a natural harmony. As a subsidiary of Guangzhou Hui Mei Cloth Co., Ltd., INMAN focuses on delivering quality clothing through its internet portal, catering to a growing consumer demand for sustainable and comfortable fashion.

Chinese fashion

BeiBei Group, founded in 2011 and based in Hangzhou, China, operates a comprehensive e-commerce platform that specializes in women and children's apparel, accessories, household goods, diapers, and toys. The company is dedicated to providing a wide variety of products at competitive prices, catering to the needs of families. With a focus on convenience, BeiBei offers free delivery services, allowing customers to receive their purchases at specified times and locations. The founding team comprises former members of Alibaba, and the company has attracted significant venture capital investment from various notable firms. BeiBei aims to establish itself as a leading technology retail platform in the global market.

MOGU is an consumer platform aimed towards women, achieved through e-commerce, social media, influencers and content driven services. Their content covers all areas of the fashion world and they have a huge range of age groups and interest covered through their numerous apps and platform. MOGU Inc. is a destination of fashion. With various kinds of fashion content and abundant fashion products, MOGU Inc. allows people to discover and share fashion trends while fully enjoying high-quality shopping experience. In 2011, MOGU Inc. launched fashion platform under the Mogujie brand . In 2016, the merger of Mogujie and Meilishuo was completed.Currently, MOGU Inc.'s online platform includes Mogujie.com and Meilishuo.com websites, mogujie mobile app, Meilishuo mobile app, Uni mobile app and several WeChat Mini programs.

Fclub.cn is a Chinese flash sale website that offers clothing, shoes, jewelry, bags, and accessories at discounted prices. A Chinese fashion brand, Fclub.cn has partnered with many world famous fashion groups, especially in Western countries, to build a supply platform that aims to offer all kinds of discounted products. Fclub.cn was founded by FGROUP LIMITED in 2009 and is now managed by Fclub E-Commerce Company. The company secured US$30 million in series B funding led by IGC, along with IDG Capital, Zero2IPO Capital, and SK Capital.

Fclub.cn is a Chinese flash sale website that offers clothing, shoes, jewelry, bags, and accessories at discounted prices. A Chinese fashion brand, Fclub.cn has partnered with many world famous fashion groups, especially in Western countries, to build a supply platform that aims to offer all kinds of discounted products. Fclub.cn was founded by FGROUP LIMITED in 2009 and is now managed by Fclub E-Commerce Company. The company secured US$30 million in series B funding led by IGC, along with IDG Capital, Zero2IPO Capital, and SK Capital.

Leho Online (Beijing) Network Technology Co., Ltd. operates an online fashion platform based in Beijing, China, focusing on e-commerce for designer goods. The company targets customers seeking personalized shopping experiences and aims to be the first membership-based e-commerce site in the country, offering deeper discounts than its competitors. Leho.com serves as a one-stop social platform that connects local businesses with consumers, allowing merchants to create brand pages to share information, offer special deals, and engage with customers. The platform encourages users to share their offline shopping experiences through comments and images, facilitating interactions among users based on shared interests or locations. Leho has received significant investment from IDG and Qiming Venture Partners, highlighting its potential in the competitive e-commerce landscape.

VANCL is an online retailer based in Beijing, China, specializing in a wide range of apparel, accessories, footwear, and textiles. Founded in 2007 by Chen Nian, the company offers a diverse selection of products, including shirts, dresses, pants, shoes, and various accessories such as bags, scarves, and sunglasses. By focusing on modern styles at competitive prices, VANCL aims to provide customers with high-quality clothing options. In addition to its online presence, the company operates physical stores, enhancing its accessibility to consumers.

HanDuYiShe (HSTYLE) is a prominent Chinese brand focused on Korean fast fashion styles, established in 2008. In 2010, HSTYLE launched the Tao Brand and garnered several accolades, including recognition as one of the "Top 10 Online Brands" in China and awarded as "The Best Globalization E-commerce Corporation." By 2012, the brand achieved the highest sales rankings on major e-commerce platforms Tmall.com and JD.com. As of October 2011, HSTYLE operated 23 departments and employed over 1,100 staff members. The company has expanded its portfolio to include six sub-brands: HSTYLE, AMH, MiniZaru, Soneed, niBBuns, and SOULINE. In 2011, HSTYLE secured a significant investment of $10 million from IDG, further solidifying its position in the fast fashion market.

EVISU is a designer and manufacturer of designer apparel. It operates as an internationally acclaimed lifestyle brand that started gaining the attention of the fashion world with Japanese selvage contemporary apparel and has a product portfolio that includes full collections of men's and women's wear,

My 1% is a 4-gold store for women's wear. It has also launched global outdoor photography services for real-person models. My 1%’s sales and credit rank first in the category of women's dress and follows the planning guideline of Baida all over the world. It has covered more than 20 countries and areas since it started the first global outdoor scene in Bali Island in June 2008. The sales amount of My 1% has been increasing exponentially since the online shop gained crown credit in 2008. The shop obtained the first gold crown in 2009, the second gold crown in 2010, and then the third gold crown within 8 months by December 2010. The shop has gained about 2 million good appraisals and became the first clothing online store with three gold crowns on the Taobao platform.

IWODE Trendy Tailor is a manufacturer that offers tailoring services. They offer high-quality, exquisite-tasting personalized apparel at a reasonable price. There are no hidden fees for extra services such as embroidery of names or other extra labor that IWODE may supply. They also provide free ironing, adjustments, and delivery with no minimum purchase requirement.

TopScore Fashion provides consumers with fashionable, comfortable, and healthy footwear products and services. They integrate many mainstream e-commerce platforms and independently develop their own mobile e-commerce platform to provide customers with a convenient, undifferentiated, and pleasant shopping experience.

China Outfitters Holdings Limited is a rapidly expanding company specializing in the design, production, marketing, and sales of apparel in China, with a primary focus on menswear. The company offers a diverse range of products, including smart casual wear, outdoor leisure wear, and various accessories, catering to middle- and high-income consumers. It operates under several internationally recognized brands, including licensed offerings from Santa Barbara Polo & Racquet Club. Through its comprehensive portfolio, China Outfitters Holdings aims to meet the evolving fashion needs of its target market while maintaining a commitment to quality and style.

VANCL is an online retailer based in Beijing, China, specializing in a wide range of apparel, accessories, footwear, and textiles. Founded in 2007 by Chen Nian, the company offers a diverse selection of products, including shirts, dresses, pants, shoes, and various accessories such as bags, scarves, and sunglasses. By focusing on modern styles at competitive prices, VANCL aims to provide customers with high-quality clothing options. In addition to its online presence, the company operates physical stores, enhancing its accessibility to consumers.

Bosideng International Holdings Limited is a prominent clothing enterprise based in Central, Hong Kong, specializing in the design, manufacture, and sale of down apparel products. Founded in 1976, the company operates through four main segments: Down Apparels, OEM Management, Ladieswear Apparels, and Diversified Apparels. Bosideng is recognized for its extensive range of branded down jackets, marketed under names such as Bosideng, Snow Flying, and Bengen, catering to various consumer segments in China. The company also offers ladieswear under brands like JESSIE and BUOU BUOU, as well as non-seasonal apparel including menswear, school uniforms, and children’s wear. With approximately 8,344 retail outlets across China, Bosideng consolidates its leading position in the domestic down jacket industry. In addition to its core apparel business, the company provides services such as logistics, brand design, and e-business solutions.

VANCL is an online retailer based in Beijing, China, specializing in a wide range of apparel, accessories, footwear, and textiles. Founded in 2007 by Chen Nian, the company offers a diverse selection of products, including shirts, dresses, pants, shoes, and various accessories such as bags, scarves, and sunglasses. By focusing on modern styles at competitive prices, VANCL aims to provide customers with high-quality clothing options. In addition to its online presence, the company operates physical stores, enhancing its accessibility to consumers.

VANCL is an online retailer based in Beijing, China, specializing in a wide range of apparel, accessories, footwear, and textiles. Founded in 2007 by Chen Nian, the company offers a diverse selection of products, including shirts, dresses, pants, shoes, and various accessories such as bags, scarves, and sunglasses. By focusing on modern styles at competitive prices, VANCL aims to provide customers with high-quality clothing options. In addition to its online presence, the company operates physical stores, enhancing its accessibility to consumers.

VANCL is an online retailer based in Beijing, China, specializing in a wide range of apparel, accessories, footwear, and textiles. Founded in 2007 by Chen Nian, the company offers a diverse selection of products, including shirts, dresses, pants, shoes, and various accessories such as bags, scarves, and sunglasses. By focusing on modern styles at competitive prices, VANCL aims to provide customers with high-quality clothing options. In addition to its online presence, the company operates physical stores, enhancing its accessibility to consumers.