;
Home / Knowledge / News / Apparel/Garments / Streetwear Yoho! receives funding from C Ventures

Streetwear Yoho! receives funding from C Ventures

12
Oct '18
Streetwear Yoho! receives funding from C Ventures
Yoho! Group has announced that it has raised tens of millions of dollars in its E+ round financing, to accelerate deploying the group's online and offline omni-channel strategy. This financing is led by C Ventures with Pioneer Capital as the exclusive financial advisor. YOHO! is regarded as one of the most influential streetwear platforms in China.

Relying on its unique capability of content creation and communication, and its integrated business model combing media matrix, retailing and lifestyle business, the group has accumulated rich upstream resources to build an omni-channel business ecosystem across various fields to meet the needs of China's hundreds of millions of young consumers, Yoho said in a press release.

Previously, Yoho! has secured funding from CDH Investments, Vertex Ventures China, SAIF, China Media Capital, Fortune Capital, Shanghai Zhichen Asset Management Co. Ltd, Telescope Investment, etc.

Following its successful online presence in e-commerce business, Yoho! has started to expand its retail strategy into offline scenarios. In October 2017, Yoho! opened its first streetwear flagship shop Yoho!Store in Nanjing after three years of preparation. Covering an area of 5,000 square metres, Yoho!Store has introduced more than a hundred fashion brands to Nanjing and implemented new technologies as part of the shopping experience, including RFID-powered shelves, smart fitting rooms and WeChat mini programmes. In this September, the group opened another offline boutique select store Yoho!Blu in Shanghai. Frequent streetwear pop-up events partnering with commercial properties are also organised as part of Yoho!'s strategic omni-channel approach., the release added.

C Ventures made this investment as it has spotted the significant influence of Yoho! in the streetwear industry, and the group's rich resources and brand value accumulated over a decade. Yoho! will also enter into deep partnership with K11, a global multi-faceted high-end lifestyle brand operator. While C Ventures is the investment vehicle for next-generation lifestyle platforms, K11 is the platform for these portfolio companies to reach the audiences in China. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Bangladesh jute industry at risk due to old technology

Textiles | On 18th Dec 2018

Bangladesh jute industry at risk due to old technology

Bangladesh’s jute industry is losing productivity and competitiveness ...

India trying to address textile trade-linked issues: Irani

Textiles | On 18th Dec 2018

India trying to address textile trade-linked issues: Irani

The Indian external affairs ministry has intensified efforts to help...

Courtesy: Destination Maternity

Apparel/Garments | On 18th Dec 2018

Destination Maternity reports sales of $92.8 mn in Q3

Destination Maternity Corporation, the world’s leading maternity...

Interviews View All

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Victor Chao, Esmetex

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search