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Ant Financial invests in clothes rental platform MSParis

Oct 30, 2018 by The Passage Team
Ant Financial invests in clothes rental platform MSParis

MSParis, a Chinese online clothes rental platform, has secured an undisclosed series B+ financing round led by Ant Financial, an affiliate of Alibaba Group. The financial terms of the round have not been disclosed yet.

The company used to target the so-called gold-collar workers in the financial and media industry, focusing on high-end evening dresses and other formal attire. It has launched services aimed at the daily apparel sector as well.

MSPaaris had secured an undisclosed series B round from Matrix Partners China, Northern Light Venture Capital and Oriental Fortune Capital in the beginning of 2018.

Source: China Money Network

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