Feiyu, a second-hand luxury live streaming e-commerce platform, recently announced that it has completed its Series-A financing, with investment totaling tens of millions of dollars. This round was led by N5Capital and Matrix Partners China, and participated by Legend Capital and Chenhui Venture Partners.
As the PRC legal counsel, Llinks provided professional legal services in all respects, including but not limited to advising on the transaction structure, handling negotiation, drafting transaction documents and assisting on the closing.
Feiyu has entered the second-hand luxury market and established "C2B2C + B2C" supply chain system since 2018, maintaining stable cooperation with hundreds of offline second-hand luxury stores. In the "C2B2C + B2C" supply chain, shopkeepers can choose to sell goods on consignment, or have Feiyu send a network anchorman do live broadcast; besides, customers can also sell goods on consignment. After the Series-A financing, Feiyu plans to continue promoting multi-channel and multi-category development.
