Farfetch China Valuation, Funding & Investors

Farfetch China is valued at $2B as of November 2020.

Last Farfetch China valuation

$2B

Strategic investment · Nov 2020

Last Farfetch China funding round

$500M

Strategic investment · Nov 2020

Cumulative funding Farfetch China raised

$500M

across 1 funding round

Key investors in Farfetch China

Farfetch China Overview

About Farfetch China

Farfetch China is the China-focused division of Farfetch, linking luxury shoppers to worldwide boutiques and brands. Operating from its platform, it curates high-end fashion products shipped directly from over 700 stores globally. Integrated into Farfetch's technology ecosystem, it supports Beijing-area consumers with authenticated designer clothing, accessories, and jewelry.


Founded

2020

HQ

ChinaShanghai

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Valuation

$2B (Nov 2020)

Farfetch China Valuation

Farfetch China is currently valued at $2B, based on its strategic investment round in November 2020.

The $500M round was led by Alibaba Group and Richemont.

Farfetch China valuation by funding round

Farfetch China valuation by funding round
DateStageValuation
Nov 2020Strategic investment$2B

Farfetch China Funding History

Farfetch China has raised a total of $500M across 1 funding round.

Farfetch China funding rounds

Farfetch China funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2020Strategic investmentAlibaba Group (lead); Richemont (lead)$500M$2BOn November 5, 2020, Farfetch, Alibaba Group, and Richemont announced a global strategic partnership to accelerate the digitization of the luxury industry and enhance access to the China market. As part of this arrangement, Alibaba and Richemont each invested $250 million in a newly formed joint venture entity called Farfetch China, taking a combined 25% ownership stake that would manage Farfetch's marketplace operations in the China region. The two companies also secured an option to purchase a further combined 24% of Farfetch China after the third year of the joint venture's formation. The partnership reflected significant market opportunity, with Chinese consumers accounting for 33% of the global luxury market and luxury goods experiencing 20% growth in China. Alibaba would launch Farfetch luxury shopping channels on its Tmall Luxury Pavilion and Luxury Soho platforms, granting Farfetch access to Alibaba's 757 million customers. This deal was particularly timely given travel restrictions from the COVID-19 pandemic, which redirected luxury shopping toward digital and domestic channels in China. The combined $1.1 billion investment package included $600 million ($300 million each from Alibaba and Richemont) in private convertible notes issued by Farfetch Limited itself, alongside the $500 million invested in the new Farfetch China joint venture. The announcement was met with strong market approval, with Farfetch's stock price rising 396% from the beginning of 2020, while Richemont and Kering stocks each jumped more than 20% in the week following the announcement.

Who has invested in Farfetch China?

2 investors have backed Farfetch China across its funding rounds, including Alibaba Group and Richemont.

Lead investors include Alibaba Group and Richemont.


Farfetch China Investors

Investors in Farfetch China by funding rounds participated
InvestorHQRoundsRoleFirst check

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Farfetch China Competitors

Farfetch China competitors include listed companies like Revolve Group, Boozt, Vipshop and ASOS, and private ones like Saks.com and Valentino.

Public and private companies comparable to Farfetch China
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Saks.comUnited StatesNew York City, NYPrivate--$2B-
ValentinoUnited StatesItaly, TXPrivate$1.6B$402M$5.8B3.6x
Revolve GroupUnited StatesUnited StatesPublicly listed$1.2B$89M$1.5B0.9x
BooztSwedenSwedenPublicly listed$845M$71M$854M1.0x
VipshopChinaChinaPublicly listed$16B$1.5B$5.8B0.2x
ASOSUnited KingdomUnited KingdomPublicly listed$3.3B($61M)$681M0.5x

Farfetch China Public Comps

Farfetch China is still privately-owned, but its public comps include Polibeli Group, Watches of Switzerland, Lao Feng Xiang, momo.com, China National Gold Group, Blibli, ACV Auctions, Beijing United, Modivo and Capri Holdings.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Polibeli Group$26M($4M)76.5x-(495.5x)-
Watches of Switzerland$2.5B$363M1.1x1.1x7.5x9.5x
Lao Feng Xiang$7.9B$500M0.2x0.2x2.9x3.5x
momo.com$3.4B$148M0.6x0.6x13.2x12.2x
China National Gold Group$10B$59M0.1x0.1x18.7x16.9x
Blibli$1.3B($83M)1.9x1.6x(28.2x)(21.5x)
ACV Auctions$760M($19M)2.3x2.1x(89.6x)24.8x
Beijing United$7.6B$373M0.3x0.2x5.9x5.5x

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Common questions about Farfetch China

When was Farfetch China founded?Farfetch China was founded in 2020.
Where is Farfetch China headquartered?Farfetch China is headquartered in Shanghai, China.
Is Farfetch China publicly listed?No, Farfetch China is a private, VC-backed company.
What is Farfetch China's valuation?Farfetch China was last valued at $2B in its strategic investment round in November 2020.
How much funding has Farfetch China raised?Farfetch China has raised $500M across 1 funding round.
What was Farfetch China's last funding round?Farfetch China's last funding round was a $500M strategic investment round in November 2020, led by Alibaba Group and Richemont.
Who are Farfetch China's investors?Farfetch China's investors include Richemont and Alibaba Group.
Which companies are comparable to Farfetch China?Companies comparable to Farfetch China include Saks.com, Valentino, Revolve Group, Boozt, Vipshop and ASOS.

See companies similar to Farfetch China

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