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Tag: xiu.com

  • Xiu.com Signs Online Retail MOU With UK Trade & Investment

    Xiu.com Signs Online Retail MOU With UK Trade & Investment

    As a leading Chinese e-commerce company’s representatives and invited by UK Trade & Investment and British Embassy Beijing, Xiu.com’s CEO Ji Wenhong and Director of Overseas Division Summer Lu attended business meeting of the state visit on Oct. 21 and gave a speech at the Sino-UK Retail Summit on Oct. 22.

    Xiu.com has signed a MOU with UK Trade & Investment and provides an e-commerce platform for brands of U.K reaching Chinese consumers.

    Under the agreement, Xiu.com and UKTI work together to help U.K. companies seize the rising opportunity of online shopping in China and globally. Xiu.com also promises to provide U.K. brands a precise online selling solution, which based on numerous operational data collected in the past seven years.

    Several U.K. brands have begun to sell on Xiu.com. Henri Lloyd, an apparel brand specializing in sailing and a sponsor of Formula 1 sailing tour, is among them and it sells products on Xiu.com at the same price in Europe.

    Another example is historic Scottish cashmere brand Johnstons of Elgin, which produces cashmere products for Hermes and Burberry. In China, high end cashmere products cost as much as 10,000 RMB in Chinese stores, on Xiu.com consumers only need to pay about 1,000 RMB for the products of same quality.

    Also, Xiu.com and U.K. government have jointly introduced Cheany, a U.K. shoe brand never sold into China before, to Chinese online shoppers.

    Xiu.com, a partner of UKTI in e-commerce, opened its U.K. office in London in 2014 to connect more U.K. brands.

    Xiu.com also joins “Shopping is Great”, which is part of GREAT Britain Campaign, an initiative that promotes creative ideas from Britain in business innovations. Xiu.com will mark all U.K. products on xiu.com with its LOGO.

    This March, Prince William’s visit to China is one of many activities of GREAT Britain Campaign and Xiu.com delivered a speech at an event organized by U.K. government during Prince William’s visit as well.

    Singles’ Day, the world largest online shopping festival is approaching and Xiu.com is working hard to get the most of it. Maureen Mou, Xiu.com’s Senior Vice president says, more than 600 overseas brands plan to join the promotion on Xiu.com at this year Singles’ Day and promises to sell their products at 20% to 40% discount.

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  • Xiu.com confirms model enlargement

    Xiu.com confirms model enlargement

    On-line luxurious trend retailer Xiu.com says it’ll use its recent $30 million capital injection to attach extra western manufacturers with internet buyers in China.

    Xiu.com lately raised $30 million in collection C funding, led by personal fairness firm Pacific Enterprise Companions, a deal reported by Inside Retail Asia on Might 19, however solely formally introduced in the previous few days.

    Launched in 2008, Xiu.com sells worldwide branded trend merchandise, together with clothes, cosmetics, luggage, jewelry, footwear and homewares.

    “As an online-fashion main firm, Xiu.com operates superior logistic networks that cowl Europe and the US,” stated Ji Wenhong, founder and CEO.

    “Working instantly with established worldwide corporations, Xiu.com might supply quite a lot of Worldwide model merchandise and supply Chinese language shoppers in-season trend merchandise with lower cost than these in different markets.”

    “We’re very assured in Xiu.com after we studied the Chinese language eCommerce market for a very long time,” stated Tan Changwen, a associate in PVP.

    “We’ll help Xiu.com’s strategic improvement, particularly in growing its efforts of cellular e-commerce and expansions in Asia markets.”

    Regardless of Chinese language shoppers tending to buy luxurious items once they journey overseas, Xiu.com discovered that Chinese language at the moment are displaying extra willingness to buy luxurious items on-line.

    Greater than 600 abroad corporations, together with Salvatore Ferragamo, Blue Nile, and Hugo Boss, are partnering with Xiu.com, and almost 200 of them promote solely on Xiu.com to Chinese language internet buyers.

    Greater than 10 million shoppers have registered with Xiu.com and greater than 85 per cent of orders come from repeated consumers. The typical order worth is US$240.

    Xiu.com will use the funds to consolidate its worldwide provide chain community and to take a position into the venture of connecting offline shops in western nations with internet buyers.

    “We assist shops in western nations promote their inventories on Xiu.com,” Ji stated. “We might improve our product choices quickly, whereas shoppers may benefit from extra alternatives for new-arrival merchandise.”

    The Shenzhen based mostly firm additionally plans to make use of the funds to organize its forthcoming IPO.

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  • Online China luxury goods mall expands

    Online China luxury goods mall expands

    Xiu.com, an online China luxury goods mall, has raised another US$30 million in funding, according to 36kr.

    The investment was led by Jardine’s, followed by KPCB China and others.

    Founded in 2008, Xiu specialises in high-end clothing, footwear, bags, accessories, and cosmetics from international brands. Headquartered in Shenzhen, it also has offices in fashion capitals like New York, San Francisco, London, Milan, and Hong Kong. The store has over 600 brands, and at least 200 of them are exclusive to Xiu in China.

    Xiu’s investment comes just days after French luxury goods retailer Kering, parent of Gucci and Yves Saint Laurent, amongst others, filed a lawsuit against China’s biggest eCmmerce company, Alibaba, alleging it is profiting from the sales of counterfeit goods in wholesale quantities on its Taobao site.

    Xiu.com says it will use the new funds to create a better shopping experience, improve its supply chain, and strengthen international ties.

    Founder Jiwen Hong says Xiu’s strength lies in the relationships it has with brands. By going directly to the brands and cutting out middlemen, it can offer better prices than competitors. 36kr says most items on Xiu sell for less than the retail cost in Hong Kong and the US.

    The startup has 10 million registered users with a repeat purchase rate of 85 per cent. The average customer spends about RMB 1,500 (US$242) per purchase.

    In 2012, US auction site Ebay launched a joint venture with Xiu to list products on a subdomain of Xiu’s site. That collaboration has since closed shop.

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