A fashion outlet promotes its summer sale at a shopping mall in Beijing. The number of third-party clothing brands that provide clothes to YCloset has reached several hundred. Photo: AP

China clothes sharing start-up YCloset secures US$50m in new funds

Topic |   China innovators

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A fashion outlet promotes its summer sale at a shopping mall in Beijing. The number of third-party clothing brands that provide clothes to YCloset has reached several hundred. Photo: AP
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Li Tao

Li Tao

Li Tao is a senior technology reporter, based in Shenzhen. He focuses on big enterprises including Alibaba, Huawei and ZTE, hardware makers, and smartphone brands such as Oppo, Vivo and Oneplus. He joined the Post in 2017 after working for more than seven years with China Daily in Hong Kong. He has masters degrees in both laws and journalism.