Ībout New Oriental Education & Technology Group With $3.8 billion under management across eight funds, the GGV portfolio includes Airbnb, Alibaba, AlienVault, BitSight, Ctrip, Didi Chuxing, Domo, Grab, Hashicorp, Houzz, Nimble Storage, Opendoor, Pactera, Pandora Media, Percolate, Slack, Square, Synack, Wish, Youku Tudou, YY, Zendesk, 51credit and more. GGV Capital is a venture capital firm founded in 2000 with the unique idea of having one team investing in both the U.S. For more information and to shop at Yamibuy, visit. Yamibuy offers more than 15,000 products and its registered customer base of 510,000 is growing by the day, and one out of every 10 Chinese Americans makes Yamibuy their top choice for online shopping. Additionally, the company delivers a premium online shopping experience and top-rated customer service. Yamibuy offers the best variety of products favored by the Asian community. It became the leading e-commerce site in North America for Asian Americans by offering thousands of the best Asian snacks, beauty products, health supplements and home appliances. Yamibuy was established in March 2013 and is headquartered in City of Industry, California. "We hope this funding will help Yamibuy further optimize its supply chain to better serve the Asian community overseas."įor more information and to shop Yamibuy's extensive catalogue of Asian goods, visit. We believe that the user loyalty and stickiness Yamibuy accumulated the past four years cannot be overvalued," said Shiyu Wang, managing partner at K2VC. "Yamibuy assembled an e-commerce dream team in both China and the US. We are optimistic about Yamibuy's expansion, especially in light of increased residency of Asian students in the United States, as well as immigration from Asia as people come to live and work in the US." We believe these strengths, coupled with Yamibuy's accurate grasp and application of customer data, position the company very well for future growth. Zheng Zhao, general manager of investment business department at New Oriental, added, "Yamibuy's growing customer base, mature supply chain and reduced procurement costs are core competencies that have enabled the company's impressive growth over the past four years. The investment announced today is expected to accelerate growth of Yamibuy's customer base, and broaden its product portfolio. The company has more than a half million registered customers, and a catalogue of approximately 15,000 products. The purchasing power of Asian Americans is increasing rapidly, and Yamibuy is capitalizing on this market's collective desire to shop for Asian goods that are typically hard to find in the United States. The loyalty of Yamibuy customers is impressive, thanks in large part to the talented international team who understands their Chinese and Chinese American millennial customers," said Hans Tung, managing partner, GGV Capital and Yamibuy board member. "Yamibuy is about the strength of global ecommerce and finding the comforts of home no matter where in the world you are. The company built a highly targeted e-commerce platform to serve this growing customer base, and the investors in this Series A investment announced today share an enthusiastic view of Yamibuy's potential. All of this ultimately supports our mission of serving Chinese Americans, as well as customers from other parts of Asia."įounded in 2013 on the idea that Asian Americans should have easier access to the Asian products they are familiar with and trust, Yamibuy has a deep understanding of its customers' behavior, particularly their online shopping and consumption habits. "With this first infusion of institutional funds, Yamibuy will be able to better serve its customers, bring in more products and improve the overall customer experience. "For the past four years, Yamibuy steadily increased its market share and brand presence within the Asian American community, without the help of any capital investment," said Alex Zhou, founder & CEO of Yamibuy.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |