Chinese Fashion And Lifestyle Site Yetang Raises $5M Led By DCM

TechCrunch

Yetang, a Chinese site that sells fashion and lifestyle products by smaller brands and designers around the world, has raised $5 million led by DCM. While smaller e-commerce sites face plenty of competition from formidable rivals like Alibaba’s marketplace Taobao, Yetang co-founder Natasia Guo says her startup’s goal is to figure out how to make shopping more appealing than at other online stores.

“Seventy-four percent of our customers have stated that they usually shop for clothes and accessories on Taobao. So the important question for us is, why don’t these people shop on Taobao all the time, but come to Yetang some of the time?” she tells TechCrunch. “We believe that new and unique products and a fun shopping experience sets Yetang apart, and we will be working hard to make these qualities into competitive advantages.”

In 2014, the first full year Yetang operated, it sold 110,000 products from 800…

View original post 259 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s