Farfetch'S Financing Seems To Have Taken The Chinese Market.

Second hand luxury electric business platform is the right time now. As a popular Farfetch, recently, a large amount of financing has been acquired, which will lead the company to a broader future.

It is reported that Farfetch has obtained the following

China's private equity fund IDG Capital Partners and France private Holdings Company Eurazeo SA three F round financing, the amount of financing will be as high as 110 million U.S. dollars.

However, it is not easy to enter the Chinese market.

ASOS, a fellow townsman of Farfetch, has lost more than 86 million of its business in mainland China because of its acclimatization. It has become a typical negative example of the foreign fashion business platform entering the Chinese market.

It is worth mentioning that, as a member of the leading investor, the mainland private equity fund IDG

The accession will be conducive to the development of Farfetch in the mainland.

Therefore,

On the other hand, it hopes to help the group expand its share of the Chinese market in the construction of multi-channel and international markets through financing.

At the same time, Farfetch also does not shy away from the listing as the primary goal of speech.

But can we chew the hard side of the Chinese market? It remains to be seen.

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Farfetch was founded by Portuguese entrepreneur Jose Neves (Jose Neves) in 2008. The website gathered more than 300 boutiques, covering from Paris, New York and Milan to Bucharest and Seattle, providing more than 1000 brands.

Because Farfetch itself does not store goods until customers purchase goods in cooperative boutiques, its daily management fees remain at a low level.