Baixiao T Asset Profile

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Year established

2016

Location

Ningbo Zhejiang China

Primary Industry

Retail

About

Established in 2016 and based in Ningbo, China, Muzhi Yichu is a company that focuses on men's clothing. Baixiao T, a brand created by Muzhi Yichu in January 2019, provides pure color T-shirt for men through e-commerce platforms. As of December 2020, Bai Xiao T's revenue exceeded RMB 100 million. In March 2021, Bai XiaoT's monthly revenue increased to nearly RMB 50 million, and the comprehensive repurchase rate of all channels exceeded 25%. The company has completed 4 rounds of funding as of 2022. Yong Zhang will remain as CEO of Baixiao T. The company mainly provides white T-shirt for business men aged 28-50. The company adopts the C2F (Customer-to-Factory) model to provide products for consumers through e-commerce platforms such as Tmall, JD.com, and Lifease. The company's main business is design and development of clothing, clothing, apparel, bags, shoes and hats, needlework, jewelry, handicrafts, plastic products, daily necessities, household goods, wholesale, retail and online business, manufacturing, processing. The company's revenue is generated by selling clothing. In the future, the company will expand marketing channels, such as Xiaohongshu, Zhihu, Weibo and other social platforms. In terms of sales channels, the company will sell products through live broadcasts this year. In terms of team optimization, Bai Xiao T plans to expand from the existing 150 people to a team of 500 people in 2021. The company plans to use the series B funding for build a laboratory to help brands develop high-tech fabrics.

Current Investors

Ningbo Chisage Venture Capital Management Partnership, Meridian Capital China, Plum Ventures

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Primary Industry

Retail

Sub Industries

Clothing Stores

Website

www.baixiaot.com

Verticals

E-commerce

Company Stage

Series B

Total Amount Raised

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