USHOPAL, a leading new luxury beauty and new retail group in China, has announced the completion of another $100 million USD round of financing, driving up its investment pool to $200 million USD, aimed to support USHOPAL’s portfolio brands’ rapid growth in China and the Asia Pacific.
The leading investor for this round is FountainVest Partners, a leading private equity firm specialize in global brand investment, which recently acquired the parent company of ARC’TERYX, Amer Sports. Co-investors include Cathay Capital, Zhongyuan Capital, Hengxu Capital, Dazhong Zhongsong Fund, SOSV, and its Shanghai-based accelerator Chinaccelerator.
“China is the #2 in the world for consumer spending and growing extremely fast,” said William Bao Bean, General Partner of SOSV and Managing Director of Chinaccelerator and MOX, “We backed USHOPAL in 2015, wrote the first check into the company, because of their deep technology and data-driven approach to making global brands a success in China.”
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