# Chengdu Aotele Business Management Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chengdu-aotele-business-management-co

- Industry: Retail
- Headquarters: Chengdu, China
- Website: www.outllets.cn
- Total disclosed funding: $16M
- Latest round: Series A (Feb 24, 2022)
- Investors on record: 3

## About

Based in Chengdu, China, and founded in 2021, Chengdu Aotele Business Management Co., Ltd is a company that focuses on the operation of discount merchandise stores. The company has reached cooperation with more than 100 domestic and overseas brands. In 2022, the company has 12 stores in operation.

The company's products can be categorized into cosmetics, snacks, beverages and other products. Currently, the company relies on 60% brand discount, 20% private label and 20% tail goods.

The average monthly sales of 30 stores are nearly CNY 2 million.

In 2022, the company aims to increase the number of stores to 500, and to increase its revenue target to CNY 2.2 billion.

## Funding rounds

- Series A, Feb 24, 2022, $16M — Sinovation Ventures, Wujie Capital
- Angel, Oct 21, 2021 — Lenovo Capital and Incubator Group
- Angel, Aug 3, 2021 — Lenovo Capital and Incubator Group

## Investors

- Lenovo Capital and Incubator Group (https://capitalatlas.ai/funds/lenovo-capital-and-incubator-group) — Angel
- Sinovation Ventures (https://capitalatlas.ai/funds/sinovation-ventures) — Series A
- Wujie Capital — Series A