298
Fashion Jobs
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ESTÉE LAUDER COMPANIES
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ESTÉE LAUDER - BRAND
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CLINIQUE
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TOMMY HILFIGER
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AESOP
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Senior Manager, Indirect Sourcing
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L'OREAL GROUP
Group Product Manager
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ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
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TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
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A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
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KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
By
Fibre2Fashion
Published
Sep 24, 2018
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Alibaba invests in clothes sharing platform Ycloset

By
Fibre2Fashion
Published
Sep 24, 2018

Chinese garment sharing platform YCloset has completed an undisclosed strategic fundraising round from e-commerce giant Alibaba Group Holding to better cater to beauty and fashion requirements of female customers.

The new funds will be utilised to expand the company’s algorithm system and build more warehouses and cleaning operation centres.


YCloset



Beijing-based YCloset will further cooperate with Alibaba's flea market platform Xianyu, e-commerce platforms Taobao and Tmall, Alipay payments and other relevant platforms, a Chinese official newspaper quoted CEO Liu Mengyuan as saying.

Clothes rental services will allow women to update their looks more frequently and wear more dresses that they could not afford to buy, Liu said.

Founded in 2015, YCloset charges subscription fees, allowing users to rent clothes and accessories. It claims to have more than 15 million registered users.

Last year, the company received $50 million in a series C fundraising round led by Alibaba Innovation Ventures, Softbank China and Sequoia China. 

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