
ChicV
Cross-border e-commerce group for fast fashion brands.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
$50.0m | Series B | ||
Total Funding | 000k |
USD | 2023 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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ChicV, also known as Guangzhou Xike Network Technology Co., Ltd., is a cross-border e-commerce group founded in 2015. The company is headquartered in Guangzhou, China, with a corporate structure that includes ChicV International Holding Limited in Hong Kong and Chicv UK Limited. The legal representative for the Guangzhou entity is Fan Wang, while Xingjian Yang is listed as a person with significant control for the UK entity. Co-founder Yang Xingjian is noted as a successful serial entrepreneur.
The company operates a portfolio of fast-fashion brands, with Noracora being one of its prominent sub-brands. Its primary business is centered on women's fashion, including apparel, footwear, and accessories, which it sells to an international market through a network of over 230 websites. ChicV's business model leverages a data-driven, flexible supply chain to manage its brand matrix. This model involves developing and maintaining the technological infrastructure for its e-commerce platforms, including features like automated product listings and image compression systems to enhance the online shopping experience.
ChicV's market strategy involves using performance-based advertising and, more recently, incorporating video ad campaigns to engage consumers in the shopping exploration phase, aiming to drive traffic and sales. The company's business activities encompass a wide range, from software development and e-commerce consulting to wholesale and retail of clothing and international freight forwarding. Despite its growth, the company has faced numerous customer complaints and accusations of being a scam, with reports of a large network of disposable websites and issues with order fulfillment.
Keywords: cross-border e-commerce, fast fashion, womenswear, direct-to-consumer, online retail, apparel, supply chain management, brand matrix, Noracora, international trade, fashion technology, digital marketing, B2C e-commerce, clothing retail, e-commerce platform