The funding will help the social commerce platform’s plans to expand in Asia and develop AI-powered chat bots that will enhance the shopping experience.
Positioned on Hong Kong’s waterfront, the venue will be the most premium of all the K11 art mall concepts.
The footwear label is partnering with Cheng’s brand management and distribution house, Luxba Group, to accelerate its growth in China and target younger consumers.
A new generation of Chinese investors is rapidly descending on Europe’s fashion and luxury brands.
Cheng’s K11 Investment vehicle raised $10 million for the U.S.-based company ObEN, which specializes on creating avatars.
Billionaire entrepreneur Adrian Cheng has taken a “significant” stake in Moda Operandi through his K11 and C Ventures investment vehicles.
Adrian Cheng and Clive Ng are looking to Millennials — and beyond — as they create a portfolio stuffed with media, tech and fashion brands.