Chinese B2C Site 360buy.com rebrands to JD.com
Reinventing yourself is a daily evolution, something that’s necessary for your personal growth and success. Lucrative companies grab a hold of this idea and use to their advantage.
Chinese B2C e-commerce site, 360buy.com is in the process of this evolution by rebranding with the new name JD.com, an abbreviation of Jingdong , the site’s parent company, and new logo-Joy, a mascot dog. When visiting 360buy.com, shoppers will be redirected to JD.com.
Bespoke Receives $850,000 in Seed Funding, Proving that the Subscription Model is here to Stay
According to Tech Crunch, subscription-based e-commerce startup Bespoke Post has raised $850,000 in seed funding. The round of funding came from Warby Parker, Bonobos Investor and Great Oak VC. Other participant included 500 Startups, Brad Harrison Ventures 1-800-flowers’ strategic investing arm (which is a big surprise) and several other angel investors.
Vertical Ecommerce Gains Popularity with Investors in Asia
I’ve written in the past about the huge growth forecast for ecommerce in China over the next few years. As it turns out, this economic trend is being seen across Asia, in Hong Kong as well as India. And although Asia has many companies with varying models of ecommerce, vertical ecommerce is picking up steam with investors who want a better profit stream. Vertical ecommerce is a direct-to-consumer business in which the website is strictly online, and the company manufactures, markets and distributes the product. One such company that is having particular success with this model is a site called Lots of Buttons.
ShopSpot Raises $630,000
Thailand’s mobile commerce startup ShopSpot has just raised S$779,000 (US$630,000) from Jungle Ventures with money from Singapore’s government and SingTel Innov8.
ShopSpot follows a consumer-to-consumer model and focuses mainly on mobile applications that help its shoppers- tap, swipe, view, and buy and its sellers- snap, add info, and sell.
FashInvest Exclusive: Milan in China?
There is no doubt Asia is having a fashion moment. Front rows worldwide are lined with Asia’s finest style setters making them key players on the world’s fashion stage, but can it produce an international fashion capital ? China thinks so.
Shishi, a small coastal city in China’s southern Fujian province, has become China’s target area for its “Milan Plan”. The city’s International Textile and Garment Center is planning to build a fashion capital mirrored after the Italian fashion capital, “bringing together designers, retailers, raw material suppliers, manufacturers and service providers” in one location to cut costs, improve and support domestic brands to go international.
World Domination: Female Entrepreneurs are Taking Over the World of Fashion Tech
In the recent past, the fashion industry has been dominated by male CEO’s and designers, a fact that some may consider particularly unfair since the industry is mainly geared toward selling to women . But this fact may make some sense said Gina Mathew of Couture Rani, a website that replicates the made to order clothing design process in India.
Mathew worked for the since shut down fashion house Tuleh and said that women who would come to shop there would trust the opinions of men, in terms of how they looked, over their female counterparts most of the time. “90 percent of the time if there was a man at the studio showing women the clothes that they would try on, it’s the man’s opinion that they would always take over women,” Mathew said.The corporate world mimics this fact as well.
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From the Archives
Meet Lee Anderson of Starkweather, Participant in Our Annual Capital Conference
Lee studied at Savannah College of Art and Design, and then at Parsons where she graduated in 2009. She interned and transitioned to designer at Thakoon in New York during my time at Parsons. During this time Lee spearheaded the launch of his secondary line, Thakoon Addition, from concept and fabric selection to sampling and production.
FashInvest Exclusives
FashInvest Exclusive:Entrepreneur Kathy Ireland Talks About What it Takes to Build a Business
When building a brand, there is so much more to than just sales and profits (although these are also important aspects). You want to build something that consumers can relate to; you want to build a lifestyle. I recently attend The Third Annual Consumer Brand Conference hosted by Consensus Advisors, a boutique investment bank focused on the retail and consumer products industries, and The NASDAQ OMX Group, Inc.
