# 919Qingcang

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/919qingcang

- Industry: Retail
- Headquarters: Shanghai, China
- Total disclosed funding: $1.6M
- Latest round: Angel (Jun 4, 2021)
- Investors on record: 1

## About

Established in 2019 and based in Shanghai, China, 919Qingcang operates as a brand that focuses on clothing, household goods, sports products, etc. The brand's founder, Xi Yizhou, has 12 years of experience in apparel retailing and served as an executive in Anzheng Group, Bosideng Group, and La Chapelle Group. At present, the brand has opened stores in Jiangsu, Anhui and Sichuan.

The company's main business is the sale of clothing, it mainly selling clothes priced from RMB 19 to RMB 99. The company provides clothing products for people in second-tier cities and third-tier cities by controlling costs and prices and using data and shelf models to speed up inventory turnover.

The company's revenue is generated by selling clothes. The gross profit of its products is over 80%, and the profit rate of a single store reaches 25%.

The brand plans to expand 30 stores in East China and Sichuan markets, and aims to open 100 stores nationwide by 2022.

## Funding rounds

- Angel, Jun 4, 2021, $1.6M — Qingsong Fund

## Investors

- Qingsong Fund (https://capitalatlas.ai/funds/qingsong-fund) — Angel