Shop Jolly chic gets an exception raises its value to a billion dollars

جولي شيك

Got the store to the famous Chinese New financing and raise its capitalization to one million dollars. This funding comes in the second round in the six years since its inception.

Focuses Chinese App Store in its operations to the Middle East, where there are three main offices in Saudi Arabia, the UAE and Jordan. It offers a wide range of products: clothing, electronics, furnishings and cosmetics, etc.

He received $ 31.5 million in the second round two years ago helped by the acquisition of areas by the Jordanian MarkaVIP. This is the second round of company investment risk, Sequoia Capital.

According to some sources, the App Store revenue stood at $ 6.12 million it is expected to achieve high growth up to 11% of revenue to $ 9.4 million by 2022. The firm has 2,500 employees and its sales to 34 countries around the world.

The Jolly chic Suitable strong new huge stores such as Nona, which was launched officially in Saudi Arabia, as well as the market, especially after the takeover of the Amazon and improve its operations in the region both at the level of shipping speed or customer service.

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