Jollychic is a Chinese cross-border e-commerce platform founded in 2014 that focuses on the Middle East market and operates brands including Jollychic, MarkaVIP and Dealy. Its platforms sell more than 200 major categories of fashion, electronics, home and beauty to mobile internet users in the region, providing cross-border, diversified one-stop shopping services. The company has branches in the UAE, Saudi Arabia and Jordan and is led by founder and CEO Arron Li. In June 2019 Jollychic completed a US$65m Series C+ funding round led by G42 Group (AED 238.5m). It will use the funds to expand segmentation, optimize its logistics system, and develop third-party payment platforms and e-wallets. Its payment platform JollyPay recently obtained payment licenses in the UAE and online payment service qualification in Saudi Arabia.

Total raised

$65M

Funding rounds

1

Latest round

Series C

Latest activity

Aug 2019