Sublime

Founded by Zhang, an early TikTok investor in 2017, Shop LIT Live received a $6 million seed round led by CRCM Ventures in April 2021. It currently has slightly under 100,000 monthly active users, over 10,000 weekly active users and “thousands” of daily active users, said Zhang. Month-to-month user numbers are growing by 40%, he said. The platform ... See more

* RaaS: Offering resale-as-a-service for brands like Everlane and Madewell. They helps merchants monetize returns. As e-commerce grows, so will this channel.

Earlier this year, Wei, known as Viya, used Taobao to sell a commercial rocket for 40 million yuan, or $5.6 million. The hashtag #WeiYaSellsARocket went viral on the Chinese social platform Weibo after the incredible feat.

we reached $5M ARR with a team of 5 what's https://t.co/K8Kjeq5dCi secret? >AI agents everywhere here are the top agents we use every day to scale with such a lean team https://t.co/9pliE5F2xL

A few weeks later, a designer brand that was moving its headquarters reached out to the couple to help sell excess inventory. The brand had about 700 pairs of shoes it wanted to unload. Within three hours, during a livestream on Taobao, Yuan and Zhang sold all the merchandise.