Unicorns 57/229 – VANCL
Founder/s: Nian Chen
Key people: Nian Chen (Founder &CEO)
Number of employees: 501 – 1k
An internet dress giant in China, VANCL (ladies) provided men’s and women’s fashion products such as shoes, jeans, shirts, skirts, accessories, and other lifestyle goods at reasonable prices. The designers for the products on Vancl.com come from around The World, including Spain, Japan, and Korea. However Vancl does not just host products from external designers around the world. In October 2007, VANCL even started selling its own brand of clothes online. VANCL was set up by Chen Nian, who did The founder of Joyo.com which was acquired by Amazon to become its Chinese platform in 2004.
Asan online retailer, Vancl competes with the likes of Taobao, Tmall, 360buy.com, and mbaobao.com. With no physical stores or distributors, Vancl sells directly to consumers online. The retailer distributes goods for cash-on-delivery across 1,100 Chinese Cities.