[November 20, 2009] VANCL.COM Wins Deloitte Prize and Draws Attention from Investors Tweet BEIJING, Nov 20, 2009 /PRNewswire-Asia via COMTEX/ -- On Nov. 20, the awards ceremony for "Deloitte Technology Fast 50 China 2009" was held in Beijing. Online clothing retailer VANCL.COM came in first with sales growth of 29,576.86% in three years. The award recognized VANCL.COM's outstanding performance in garment B2C sector and was also evidence of the ongoing attention that investors are paying to the sector. The Deloitte Technology Fast 50 China 2009 is an event designed to commend and encourage fast growing hi-tech companies. This is the fifth time it has been held since its inception in 2005, and in the past four years it has become an important industry event. Up-and-coming leaders from the technology, media, and telecommunications sectors are selected in an objective, fair, and authoritative way to showcase the great developments of hi-tech companies in China. In October 2007, VANCL.COM began to sell Chinese brands of clothing online. This business has since evolved to be the number one clothing retailer on the Chinese Internet, leaving its peers far behind. According to the statistical data of iResearch, among the B2C websites selling Chinese brands of clothing, VANCL ranked first with a 28.4% market share in 2009. Its achievement is not only regarded an innovation of e-commerce, but also a miracle in the traditional garments sector. In May 2009, VANCL.COM was declared a National Hi-tech Enterprise. Chen Nian, Founder and CEO of VANCL.COM, was also the founder of Joyo, one of the earliest-founded e-commerce enterprises in China. Thus far, VANCL.COM has expanded its production lines to cover garments for men, women and children, shoes, and home textiles. With tens of thousand garments sold each day, VANCL.COM is trying to generate a fashionable lifestyle brand on the Internet in China. On Nov. 20, in addition to the Deloitte prize, VANCL.COM also won first place among garment-related websites most favored by consumers in 2009 during the China Online Retail Annual Conference held in Hangzhou. About VANCL.COM: VANCL.COM was founded in October of 2007 by Chen Nian, Founder and Executive Vice President of the former Joyo Amazon. So far, VANCL.COM has won three rounds of VC from SAIF Partners, IDG, Ceyuan Ventures, and Qiming Venture Partners among others. Its sales in 2008 totaled about RMB300 million, and it is considered the first B2C brand of Chinese garments. SOURCE VANCL (Beijing) Technology Co., Ltd. http://www.VANCL.COM [ Back To TMCnet.com's Homepage ]