China-based high-end retailer Hui She Shang, also known as The Luxury Club, closed its seed round on Monday, having raised an undisclosed amount from merchant bank and venture capital firm Parkview Ventures, and private investment firm Mousse Partners.
The Luxury Club sells authentic luxury branded goods online in China, and has already signed a strategic marketing agreement with the China-based online retail platform Taobao Mall.
In conjunction with the funding, Laurent Ohana, a managing partner at Parkview, and Sherry Lin, a managing director at Mousse, controlled by the family affiliated with Chanel luxury goods group, will both join The Luxury Club’s board of directors.