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ChicV

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Cross-border e-commerce group for fast fashion brands

ChinaFounded 2015eCommerce & Marketplaces
Valuation $250–500M Last recorded · 2021
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About ChicV

ChicV, also known as Guangzhou Xike Network Technology Co., Ltd., is a cross-border e-commerce group founded in 2015. The company is headquartered in Guangzhou, China, with a corporate structure that includes ChicV International Holding Limited in Hong Kong and Chicv UK Limited. The legal representative for the Guangzhou entity is Fan Wang, while Xingjian Yang is listed as a person with significant control for the UK entity. Co-founder Yang Xingjian is noted as a successful serial entrepreneur.

The company operates a portfolio of fast-fashion brands, with Noracora being one of its prominent sub-brands. Its primary business is centered on women's fashion, including apparel, footwear, and accessories, which it sells to an international market through a network of over 230 websites. ChicV's business model leverages a data-driven, flexible supply chain to manage its brand matrix. This model involves developing and maintaining the technological infrastructure for its e-commerce platforms, including features like automated product listings and image compression systems to enhance the online shopping experience.

ChicV's market strategy involves using performance-based advertising and, more recently, incorporating video ad campaigns to engage consumers in the shopping exploration phase, aiming to drive traffic and sales. The company's business activities encompass a wide range, from software development and e-commerce consulting to wholesale and retail of clothing and international freight forwarding. Despite its growth, the company has faced numerous customer complaints and accusations of being a scam, with reports of a large network of disposable websites and issues with order fulfillment.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
China
Employees
55
Open positions
None listed
Dealroom signal
32.1/100
Industry
Fashion
Sector
eCommerce & Marketplaces, horizontal marketplaces
Business model
Marketplace & ecommerce
Client focus
b2b, b2c

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Apr 2021 $50M $200M Focustar Capital —
ANGELOther financing Mar 2016 $2.1M $8.3M Lenovo Capital and Incubator Group (LCIG) ↗
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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023 —
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Growth signals

ChicV website traffic

Latest recorded traffic for ChicV is 2.1K monthly website visits, up 50% over the last three months. ChicV's team grew 0% over the past year.

Latest monthly visits2.1K 3-month web change+50% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Lenovo Capital and Incubator Group (LCIG)

Series A1 investor entered at this stage

  • Focustar Capital
Employees 55 total headcount
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇨🇳 China95%
🇦🇺 Australia5%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about ChicV on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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