# Qingdao YunShangYuYi IOT Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qingdao-yunshangyuyi-iot-technology-co

- Industry: Consumer Products
- Headquarters: Qingdao, China
- Latest round: Angel (Dec 20, 2018)
- Investors on record: 1

## About

Based in Qingdao, China and founded in 2017, Qingdao YunShangYuYi IOT Technology Co., Ltd. operates as a clothing and apparel company based on IoT technology. In December 2018, the company raised an undisclosed amount in angel funding from new investor Haier Capital and raised CNY 50 million in series A funding.

The company established an online store that provides full lifecycle management of clothing, YunShang, which provides clothing purchase, customization, laundry appointment services and outfit suggestions. The company has integrated the resources of clothing, home textiles and detergents, and has launched the "Mr. Laundry" business to create an IoT community O2O platform with laundry business as the core.

The revenue of the company is CNY 42 million in 2018, CNY 160 million in 2019, CNY 260 million in 2020, and CNY 320 million. Its main revenue sources include platform revenue and service revenue such as laundry service, home delivery service.

## Funding rounds

- Angel, Dec 20, 2018 — Haier Capital

## Investors

- Haier Capital (https://capitalatlas.ai/funds/haier-capital) — Angel