Chinese online education firm Knowbox announced on Thursday it has raised $150 million in its series D round of financing, right after the country released its first guideline on online after-school tutoring. The fresh round was led by tech giant Alibaba Group. Yunfeng Capital and Bertelsmann Asia Investments and C Ventures also are among investors. […]
Dazed, the London-based bimonthly fashion and style magazine, will unveil the launch of its Chinese edition with Yoho!, a Chinese media, e-commerce and event platform, on Tuesday, WWD has learned. Mars Liang, founder of Yoho!, said: “This collaboration is not limited to media licensing; I believe with this opportunity, we can create commercial, creative and cultural synergy.” The Nanjing-based Yoho! is one of China’s most influential streetwear platforms. Its business portfolio includes the magazine Yoho! Boy and Yoho! Girl; the annual festival Yo’Hood; e-commerce site Yoho! Buy; the brand incubator Yo’Hope, and retail boutiques Yoho! Store and Yoho! Blu.
Bandier, a New York City-based activewear retailer, raised $34.4m in funding. Backers included C Ventures and Eurazeo Brands ($25m). Co-founded in 2014 by Jennifer Bandier and Neil Boyarsky, Bandier is a luxury, multi-brand activewear retailer with stores in key U.S. markets. The company also operates Studio B, a boutique fitness location, and has a following […]
Beijing-headquartered Aibee, an artificial intelligence (AI)-focused technology company, has raised $60 million in a Series A funding round led by Sequoia Capital and Red Star Macalline, China’s furniture retail chain, the Finance Asia reported on Tuesday. Others investors in the round included Lenovo Capital and Incubator Group, China Renaissance, K2 Ventures, Zhongli Fund Management and […]
Threads styling has raised $20 million to grow its social media and chat-based luxury shopping service. In the past 24 hours, Threads’ Instagram feed has dangled Chanel’s quilted hiking sandals, Dior mini kilts and Fendi bomber jackets (among many other items) as catnip to its global audience of shoppers, 70% of whom are under 35 and […]