You see all the 360Buy, Vancl, and Lashou outdoor advertisements through the top cities.
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Some companies (like Vancl) have decided to invest in their own delivery service to ensure better quality.
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For its part, Vancl has faced a barrage of bad publicity over delayed deliveries and slowing sales.
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Vancl is a no-frills retailer of made-in-China clothing, akin to Gap or Uniqlo.
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Lei provided startup capital for both companies after taking a shine to David Zhao and Chen Nian, the founder of Vancl.
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Some European e-commerce sites are said to be interested in Vancl's model.
The launch coincided with a sticky patch for Vancl, which had to lay off staff in China after an aborted IPO in 2011.
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Vancl will even have the delivery person wait at your front door while you run inside to try on all the outfits before deciding.
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Another Chinese company with a foot in Vietnam is Vancl, an online retailer that sells no-frills fashion in the style of Uniqlo and Gap.
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According to him, Vancl.com and Xiaomi both possess these qualities.
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No amount of money that Vancl spends will change that.
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Vancl has a policy that you can order anything you like from the store, have it delivered to your house and you only pay for what you like after you see it.
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No matter what the cost of a new warehouse, a distribution center or even hiring your own delivery service (which Vancl has done), these companies will spend whatever it takes to be the number one player in their space.
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Of course, it all depends on whether Xiaomi can scale its business model for the unknown territories, and it'll certainly need some solid partners to do so -- much like its collaboration with local retail channels China Unicom, China Telecom and Vancl.
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While the majority of his fortune comes from Xiaomi, he also owns minority stakes in a number of Chinese online enterprises, including Hong Kong-listed anti-virus firm Kingsoft, private e-commerce companies Vancl and Lakala, mobile browser provider UC Web, and YY, which hit the Nasdaq exchange last Wednesday.
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