IDG Capital, Alibaba Group Invest In Inman Apparel

Guangzhou-based Chinese clothing brand Inman Apparel has raised tens of millions U.S. dollars in series A funding from IDG Capital and Alibaba Group, according to Chinese media reports.

The investment values Inman at nearly US$100 million. Inman’s founder Fang Jianhua will retain control of the company.

Founded in 2008, Inman mainly sells cotton and linen products through Alibaba’s TMall and Taobao platforms. Sales volume has reached RMB760 million (($124 million) in 2013, the company claims.

China Expert network
 
China Expert network

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