Mei.com operates a daily flash-sales platform (sales scheduled each morning at 9AM) offering products from roughly 2,400 brands including Armani, Michael Kors, Longchamp and Guerlain. The site targets higher‑end cross‑border shoppers and positions itself to shift excess inventory and offer premium imported goods at discounted prices. Alibaba will support Mei.com with Tmall’s logistics, online supply‑chain and IT infrastructure to help the site acquire more users and deliver goods faster. Mei.com’s parent, Glamour Sales, previously raised $100 million (including $65M from Investec and Chow Tai Fook) and has had other strategic investors. Operating metrics reported in the article show about 6 million customers across 1,200 cities and reported 2014 sales of $155 million (up from $82 million the prior year). The company is leveraging partnerships to expand reach into Alibaba’s ecosystem and cross‑border e‑commerce channels. Glamour Sales operates invitation-only online retail marketplaces offering significant discounts on branded designer goods and lifestyle services. Founded in Japan in August 2009, the company has completed more than one hundred private sales events with international fashion, cosmetics, jewellery, hotel and lifestyle brands. It completed a $13M first round of financing to support growth. The company will use the capital to expand operations in Japan and to launch an online marketplace in China. AXA Private Equity will provide a significant proportion of the funds for the expansion, while Mandra Capital will assist with strategic development, corporate finance and M&A. Glamour Sales aims to capture rising demand for luxury and lifestyle goods as the private-sales e-commerce model grows in Asia.

Total raised

$113M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2015