By ZHOU Fangying
Sixgomeow, a UK-based personal care company, is shooting for an IPO on Nasdaq, but the prospectus revealed little about the company's operations and plans.
Sixgomeow primarily conducts its business through a subsidiary based in Hong Kong. The company claims that it does not have any subsidiaries in mainland China. However, an investigation by Tianyancha, a data technology company, dug up an Hangzhou-based company registered to QI Hongmin, CEO and chairman of Sixgomeow.
Hangzhou Sixgomeow was established in February and secured 10 million yuan (US$1.4 million) in funding just a month later, valuing the company at 200 million yuan. Despite some obvious confusion about the name, Qi insists that the company seeking listing is not connected to the Hangzhou operation.
Qi plans to create a B2B membership-based skincare platform with "Uber-style" management.
The Hong Kong operation specializes in cross-border e-commerce within the B2B sector, specifically beauty and skincare products. The company's 2022 revenue of US$3 million came from the subsidiary.
In addition to its online presence, Sixgomeow has a store in Hangzhou, offering both skincare and a cat-themed cafe.
