Fat Tiger Technology Completed 100 Million Yuan A Round Of Financing

According to the world clothing shoes and hats net, in January 15th, the technology of fat tiger officially announced the completion of the 100 million yuan A round of financing.

The financing comes from three lines of capital investment, 1898 venture capital, easy to praise capital and Hao Yi, founder of every gram Latin America.

Fat tiger technology pioneered the establishment of idling in 2016.

Industry recovery standards.

In 2017, while continuing to improve the recycling process, fat tiger technology actively explored new retail mode, combined with online and offline scenarios, redefined the circulation ecology of idle luxury goods through big data tools, and improved the circulation efficiency of the industry.

As of December 2017, the technology has achieved overall profitability.

Leader of idle luxury goods industry in China

Fat tiger (Beijing) Technology Co., Ltd. was founded in June 2015, and is set up on the line to set up a trading platform for the idle luxury goods industry.

In March 2017, it became a truly one-stop service platform for idle luxury goods.

The platform online matrix takes "TRUETRUE" app as the core, combines service numbers, small programs, and other media tools. Under the line, it uses the nationwide chain experience shop (currently there are more than ten cities such as Beijing, Shanghai, Hangzhou, Qingdao, Xi'an, Tianjin, Linyi, Zhangzhou, Datong) as the service carrier, providing users with services such as appraisal, maintenance, recovery, consignment, ordering, leasing and auction.

In November 2015, fat tiger technology was inspired by tens of millions of angel investment.

In May 2017, Ma Cheng, founder of technology for fat tiger, was invited to participate in the "2017 China Europe Small and medium enterprises cross-border investment and Trade Fair" with Premier Li Keqiang.

At present, the technology of fat tiger has become the leading leisure luxury service platform in China.

Investor 1898 venture capital said: "after years of accumulation, the technology has already mastered core competence in the upstream of idle luxury goods."

Upgrading secondary luxury circulation efficiency is the goal.

In recent years, domestic consumers' acceptance of second-hand luxury goods has increased rapidly. In 2017 alone, second-hand luxury goods pactions in China.

The scale is more than 80 billion yuan.

However, the information asymmetry of the second hand luxury goods industry, the imperfect channels of identification, recycling and consignment, and the imperfect market mechanism of buyers and sellers still exist. These problems restrict the revitalizing of the stock market of the second hand luxury goods.

As a member of China's second hand luxury industry association and a strategic partner of the luxury identification center of China Inspection Group, Taikang Insurance has launched the "genuine insurance protection" initiative, allowing users to buy idle luxury goods without genuine worries.

After the financing, according to internal sources of fat tiger technology, brand building, team optimization and product technology upgrading will be regarded as the focus.

Combining online and offline to create

To improve service quality and speed up idle circulation will be a strategic direction for the next year.

Promoting new retail layout under online and offline

Fat tiger technology's luxury recycling service is based on "identification" and "valuation". In 2017 alone, the Technology identified more than 250 thousand items and recovered 10 thousand products. The total volume of recycling pactions exceeded 100 million yuan throughout the year, and the accuracy rate of picture identification was over 95%.

In addition to its own system, in January 2018, the rapid sale of luxury goods and services of farmed Tiger Technology and leisure fish is also about to go online.

At the same time, the layout of chain stores under the technology line is accelerating.

Based on the service mode of new retail, online and offline integration, it gives users a better service experience.

Headquarters provides standardized system support and traffic support to all stores, such as brand, inventory, sales leads, etc., to help store operations.

In 2018, the number of stores under the technology was estimated to reach 50, covering 234 domestic cities.

The three line of capital of the current round of investment providers pointed out: "China will not simply replicate the development mode of overseas second-hand luxury products, with the huge volume of high-end idle market in China, which is enough to spawn new business models that are more suitable for domestic environment."

The technology of A, which completes the financing of the company, urgently needs to show its industry value in the vertical field "efficiency engine".

The trillions of luxuries stock market and the booming development of circular economy are enough to make fat tiger technology a leader in the high-end idle area.

More interesting reports, please pay attention to the world clothing shoes and hats net.