Hong Kong-based luxury watch consignment retailer Wristcheck has raised 8 million US dollars in a seeding round led by Gobi Partners GBA, which manages Alibaba’s Hong Kong Entrepreneurs Fund and AEF Greater Bay Area Fund, with participation from K3 Ventures. Since launching in 2020, Wristcheck reports that it has experienced 75 percent...
18 Jan 2023
Swedish retail giant H&M is launching its own second-hand fashion platform in Canada next month as it continues to expand its presence in the red-hot resell market. The new platform, called H&M Rewear, is a “one-stop digital customer to customer (C2C) resell destination” powered by London-based Resale-as-a-Service (RaaS) technology company...
16 Aug 2021
Handbag Clinic, the luxury bag restoration and resale business, is seeking 2 million pound investment, after embarking on its second capital-raising campaign to help support its global expansion plan. The handbag restorer is hoping to raise more funds to expand in core business areas - brand building, streamlining systems and recruitment of...
19 Nov 2019
After the sun sets in Putian, thousands of bikes carrying fake sneakers hit the streets. The lace-up black market is no secret in Putian, and it's where you can find Chan, a vendor with a knack for getting high-quality pairs off the streets and into the hands of hypebeasts on the other side of the globe. Source: Youtube, VICE News
8 May 2019
