Alibaba Innovation Ventures, Softbank, Sequoia Lead $50M Round In Garment Rental Firm Yi23

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Alibaba Innovation Ventures, Softbank China and Sequoia Capital China have jointly led a US$50 million series C round in Yi23, a women’s clothing rental start-up. GSR Ventures, IDG Capital, Zhen Fund and a number of other Chinese investment firms also participated, according to a company announcement.

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