PatPat is a US-based kids clothing and maternal products brand founded in California in 2014.

Overview

PatPat was co-founded by college grads Ken Gao (COO) and Albert Wang (CEO).).[1] The brand offers children clothing, toddler wears and matching family outfits.[1]

According to Vogue Business, "Patpat has been called the Shein of childrenswear."[2]

In January 2023, PatPat launched its new L.O.L. Surprise! collection in partnership with MGA Entertainment’s L.O.L. Surprise! Brand.[3][4]

PatPat was backed by The SoftBank Vision Fund 2.[5] It also raised $510 million in two funding rounds from Chinese investors in 2021.[6] The company’s post-money valuation is reportedly between $1 billion and $10 billion.[1]

References

  1. ^ a b c "Modern Payment Options Help Clothing Company Give Families a PatPat on the Back". PayPal Newsroom. Retrieved 2024-12-04.
  2. ^ Hu, Cassie (2021-10-22). "China's childrenswear market: seizing the three-child policy opportunity". Vogue Business. Retrieved 2024-12-04.
  3. ^ "PatPat Launches Collaboration with MGA Entertainment's L.O.L. Surprise!". License Global.
  4. ^ Hartsock, Bug (2024-01-09). "Fall in Love with New PatPat x L.O.L. Surprise! Collection This Valentine's". The Toy Insider. Retrieved 2024-12-05.
  5. ^ "SoftBank-Backed Kids Clothing Site PatPat Weighing IPO, Sources Say". Bloomberg.com. 2022-03-09. Retrieved 2024-12-11.
  6. ^ "US-based babywear startup raises $510m from Chinese investors". Nikkei Asia. Retrieved 2024-12-11.
Allikas: https://en.wikipedia.org/wiki/PatPat
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