The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
HONG KONG, China — Goldman Sachs has agreed to provide a $120 million pre-IPO loan to Shanghai-based warehouse developer e-Shang, co-founded by U.S. private equity firm Warburg Pincus, e-Shang said on Thursday. Warburg has also raised its total investment to $200 million in the company it helped establish in 2011 with two local entrepreneurs.
Warehouse investing is on the rise in China, attracting private equity and property companies as the economy shifts to a consumption model and e-commerce drives demand for storage space. E-Shang, which has 1 million square meters of completed and ongoing projects, intends to go public "in the next few years," the statement said. The firm provides warehousing and logistics services across Shanghai, Beijing and Guangzhou, as well as in second-tier cities.
By Stephen Aldred; Editing by Matt Driskill
The app, owned by TikTok parent company ByteDance, has been promising to help emerging US labels get started selling in China at the same time that TikTok stares down a ban by the US for its ties to China.
Zero10 offers digital solutions through AR mirrors, leveraged in-store and in window displays, to brands like Tommy Hilfiger and Coach. Co-founder and CEO George Yashin discusses the latest advancements in AR and how fashion companies can leverage the technology to boost consumer experiences via retail touchpoints and brand experiences.
Four years ago, when the Trump administration threatened to ban TikTok in the US, its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.
Brands are using them for design tasks, in their marketing, on their e-commerce sites and in augmented-reality experiences such as virtual try-on, with more applications still emerging.