November 11, 2016<\/p>\n
Dream Incubator Inc. (hereinafter \u201cDI\u201d) announced that it has invested in SUNVIP Network Technology (Hong Kong) Co., Ltd. (hereinafter \u201cSunvip\u201d), a company conducting a cross-border e-commerce business in China.<\/p>\n
Sunvip is a venture firm that sells items in the Chinese e-commerce market, specializing in Japanese and South Korean lifestyle goods. DI made an investment in the Series A-1 round. Legend Capital\u2014the largest venture capital firm in China\u2014also participated in the Series A-1 as the lead investor, and is collaborating in all aspects, such as discovery of goods and marketing in the Chinese market.<\/p>\n
Through their networks, Sunvip and Legend Capital provide support to gain popularity and boost sales of foreign products in the Chinese market. For example, Mediheal<\/em>\u2014the beauty face masks with top market share in South Korea for which Sunvip operates flagship stores\u2014has been successful in increasing its sales from approximately 5.0 billion yen, centered on South Korea, to 40.0 billion yen* in two years by entering the Chinese market.<\/p>\n Through this investment, DI will support market penetration via Sunvip of high-quality Japanese products in China.<\/p>\n *Source: South Korea-based L&P Cosmetics, seller of Mediheal<\/em><\/p>\n <\/p>\n Chen Chen, Sunvip CEO Joon Sung Park, Legend Capital Executive Director Koichi Hori, DI Chairman \/ DI Shanghai Chairman <\/p>\n \u25a0About SUNVIP Network Technology (Hong Kong) Co., Ltd.
\n<\/strong>\u201cIn the fast-moving cross-border e-commerce industry, the partnerships with Legend Capital from China and now with Dream Incubator from Japan have created significant value for our company. We hope that we will be able to provide opportunities to more Japanese companies in the fast-growing Chinese market.\u201d<\/p>\n
\n<\/strong>\u201cI am very pleased that DI, our partner for 10 years, has chosen to participate in this investment. We look forward to the opportunity to provide further support for Japanese products in the Chinese market for consumer goods, an area with significant potential.\u201d<\/p>\n
\n<\/strong>\u201cDI has supported many businesses that have served as bridges between Japan and China. We are confident that cross-border e-commerce is an area where DI can make great contributions.\u201d<\/p>\n
\n<\/strong>Sunvip is a cross-border e-commerce company specializing in Japanese and South Korean lifestyle goods. It provides wide-ranging opportunities to Japanese and South Korean manufacturers, wholesalers, and retailers from product launch to flagship store openings. On this year\u2019s Singles\u2019 Day (November 11, 2016), it served as an agent to operate flagship stores for brands that generate hundreds of millions of yen in sales in a single day.<\/p>\n