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