Fundraising Fox

ShopShops

Founded 2016 · 220 employees on LinkedIn · 10 known investors

ShopShops is a livestream shopping application for fashion, beauty, and lifestyle goods. The platform connects shoppers with authentic new and pre-loved designer items through live shopping events.

Also known as ShopShops Live

Founders & leadership

ShopShops was founded in 2016 by Liyia Wu.

LWLiyia Wu
Liyia WuinFounder/CEO

Investors · 10

Company profile

researched Aug 2026

ShopShops operates an interactive livestream shopping platform and marketplace. Hosts broadcast from retail stores, boutiques, designer shops and sample sales, browsing and trying on merchandise while viewers watch, comment, ask questions about fit, material and colour, and buy in real time. The company handles payment, fulfilment and logistics so international buyers receive the goods purchased on the platform. Its early model connected retail stores around the world with Chinese consumers, positioning the business as a cross-border, three-sided marketplace linking consumers, brands/retailers and livestreaming platforms (sources 4, 5).

The platform's programming has included daily "in-store" events plus recurring formats such as Friday sample sales and Sunday flea-market explorations, drawing on merchants in fashion hubs including New York City, Los Angeles, Milan and Tokyo (source 2). As presented on its current website, ShopShops sells authenticated pre-loved luxury: handbags, jewelry, watches, accessories, shoes and apparel from houses such as Hermès, Chanel, Louis Vuitton, Gucci, Dior, Cartier and Rolex, alongside a live channel featuring independent global sellers such as Japan-based hosts and luxury resellers. The site is built on Shopify and includes editorial content on authentication and shopping guides, a seller/host onboarding path, and an influencer/affiliate program (source 0).

Founding story

ShopShops was founded by Liyia Wu, who according to Union Square Ventures both built the initial product and personally hosted all of the early livestreams, drawing on experience across the consumer, brand and livestreaming-platform sides of the marketplace. Business Insider describes the New York-based app as founded by Wu and launched in 2018, while an aggregator profile lists a 2016 founding year (sources 2, 4, 5).

Business model

Marketplace model: ShopShops onboards "host sellers" — often people with prior sales or merchandising experience, or nano-influencers — who livestream merchandise from partner stores and independent luxury resale businesses. The company intermediates the transaction and manages payment, fulfilment and logistics for cross-border orders. Hosts are compensated through commissions, with the most popular sellers reported to earn up to $20,000 a month (sources 0, 4, 5).

Sources describe commission-based earnings for hosts on goods sold through livestreams and direct e-commerce sales of authenticated pre-owned luxury items priced from roughly $299 to several thousand dollars on the company's own storefront; ShopShops did not disclose financial performance metrics (sources 0, 5).

Traction

By June 2021 ShopShops had hosted livestreams with more than 750 fashion, beauty, lifestyle and food brands, including Jimmy Choo, Zac Posen, Rag & Bone, Everlane, Rebecca Minkoff, Cynthia Rowley and Marni. Its Chinese platform hosted about 900 events per month and streamed roughly 20 hours a day, while English-language sellers hosted 70-80 livestreams a month following the December 2020 beta launch; pre-pandemic, livestreams originated from 30 cities. Shoppers reportedly watched 10-30 minutes of content on average before purchasing. An aggregator profile listed 125 employees in 2026, and the company's site displays a 4.87 average rating across 61 reviews (sources 0, 2, 3, 5).

Latest developments

A March 25, 2026 funding-aggregator entry reports $15.0 million in new funding at the Series B stage, listing total funding of $15.0 million, 125 employees, a 2016 founding year and plans to enhance the technology platform, expand the host and retailer network and broaden market presence; the amount and stage match the June 2021 Series B, so this item may be a restatement rather than a new round (sources 2, 3, 5). The company's website, dated 2026, markets authenticated pre-loved luxury with live shopping channels operated by third-party sellers (source 0).

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Described in 2021 coverage as one of the larger livestream shopping players in China seeking to establish itself in the US market, competing with startups such as Popshop Live, Ntwrk, Livescale, Talkshoplive and Whatnot, as well as livestream features from Facebook, TikTok and Instagram and efforts by retailers including Nordstrom, JCPenney, Walmart, Amazon and QVC. Coresight Research sized China's livestream shopping market at $125 billion and projected the broader livestreaming market to reach $25 billion by 2023 (sources 3, 5).

Investors and coverage emphasise real-time, two-way interaction with knowledgeable hosts sourcing from physical stores — replicating an in-store experience remotely — plus curation of one-of-a-kind and hard-to-find inventory, host-driven community and repeat viewing, professional authentication of pre-owned luxury goods, and end-to-end handling of cross-border payment, fulfilment and logistics (sources 0, 2, 4, 5).

Technology

A mobile app and web storefront supporting live video streams with two-way chat and in-stream real-time ordering; the current consumer storefront runs on Shopify and offers payment options including Afterpay, Apple Pay, Google Pay, Shop Pay and major cards. The company said Series B proceeds would go partly toward enhancing its technology platform (sources 0, 2, 5).

Go-to-market

Growth has come from recruiting and retaining hosts who build followings, live event programming across many cities, and brand partnerships; ShopShops ran a US seller-recruitment contest in February 2021 with a $10,000 prize. Its current site uses promotional codes for first-time buyers, editorial content, designer/category navigation, a "Become a Host"/"Sell With Us" funnel, and an influencer and affiliate program (sources 0, 5).

The company describes its core audience as women aged roughly 25 to 45 who are frequent shoppers and world travelers; historically the majority were Chinese consumers, with an English-language audience in the US and Canada added from late 2020. On the supply side it targets boutiques, designer stores, sample sales, vintage shops and independent luxury resellers (sources 2, 4, 5).

Geography

Headquartered in New York, New York, with sourcing and host activity in global fashion hubs including New York City, Los Angeles, Milan and Tokyo, and livestreams historically originating from 30 cities. Demand has centered on China, with expansion into the US and Canada; current live hosts include sellers based in Japan (sources 0, 2, 4, 5).

History

The company raised a $6 million seed round in April 2018 and a $14 million Series A in July 2019, with Union Square Ventures among early backers. Before the pandemic it was running livestreams from 30 cities worldwide. It launched a beta English-language app for US shoppers in December 2020, ran a US host-recruitment contest in February 2021, and announced a $15 million Series B on June 9, 2021 co-led by LightShed Ventures and Acrew Capital. Its consumer-facing site now positions the business around authenticated pre-loved luxury sold through live events and a Shopify storefront (sources 0, 3, 4, 5).

Risks & controversies

Sources note a competitive livestream commerce field including well-funded startups, social platforms and large retailers, and that US app-based shopping adoption lagged China at the time of the Series B. ShopShops declined to disclose financial performance metrics. Source data is also inconsistent on founding year (2016 in an aggregator profile versus a 2018 launch reported by Business Insider) and on whether the 2026 funding item is distinct from the 2021 Series B (sources 2, 5).

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Average viewing time before purchaseJun 202110-30 minutes
Brands hosted on livestreamsJun 2021750 brands
Cities hosting livestreams (pre-pandemic)Jun 202130 cities
Customer review rating on company siteJan 20264.9 out of 5 (61 reviews)
Daily livestreaming hours (China platform)Jun 202120 hours/day
EmployeesMar 2026125 employees
English-language livestreams per monthJun 202170-80 per month
Livestream events per month on Chinese platformJun 2021900 events/month
Top seller monthly commission earningsFeb 2021$20K
Total disclosed funding (aggregator)Mar 2026$15M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 8

by search overlap
The Real Real x-tech-robotics1259 shared keywordsThe RealReal is an online marketplace for authenticated luxury consignment, allowing consumers to buy and sell pre-owned designer clothing, accessories, jewelry, watches, and home goods.
Poshmark, Inc.1156 shared keywordsPoshmark is a fashion resale marketplace that enables individuals to buy and sell secondhand clothing and accessories through a mobile-first platform. The company operates a community-driven commerce model focused on sustainable fashion across the U.S. and Canada.
Rebag872 shared keywordsRebag is an online marketplace for luxury designer goods, including handbags, accessories, watches, jewelry, apparel, and shoes with options to buy and sell pre-owned items.
Farfetch780 shared keywordsFarfetch is an online marketplace for luxury fashion, connecting customers with designer boutiques and independent retailers worldwide. The platform offers a curated selection of high-end clothing, shoes, bags, and accessories from established and emerging fashion brands.
1Stdibs548 shared keywords1stDibs is an online marketplace for curated luxury goods, including furniture, jewelry, art, and fashion, connecting buyers with vetted sellers. It offers purchase protections such as authenticity guarantees, money-back guarantees, and price matching.
Lyst530 shared keywordsLyst is an online fashion shopping platform that aggregates clothing and accessories, including designer brands such as Saint Laurent, for consumers to browse and buy.
Wgaca404 shared keywordsWhat Goes Around Comes Around (WGACA) sells pre-owned luxury and vintage fashion, including designer bags and accessories from brands such as Louis Vuitton and Burberry. It operates as a consumer retailer of authenticated pre-loved designer goods.
Thredup353 shared keywordsThredUp operates an online marketplace where consumers buy and sell secondhand clothing, and provides resale-as-a-service solutions for fashion brands seeking to incorporate circular commerce into their business models.

Companies competing with ShopShops for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 4

launches, deals, and filings
Jun 2021
ShopShops raises $15M Series B to fund US expansion

Series B co-led by LightShed Ventures and Acrew Capital, with participation from existing investors Union Square Ventures, Forerunner Ventures and The Chernin Group, plus Hyphen Capital's Dave Lu and Gaingels. Proceeds earmarked for US expansion and growth among cross-border shoppers in China.

$15M source ↗

Feb 2021
US top-seller contest with $10,000 prize

ShopShops ran a contest to find its next top seller in the US, offering a $10,000 prize for the best video selling a basic white T-shirt.

$10K source ↗

Dec 2020
Beta launch of US/English-language app

ShopShops launched a beta app for American shoppers in December 2020; traction from the launch informed its decision to expand in the US.

source ↗

Jan 2016
Company founded (per aggregator profile)

Aggregator profile lists ShopShops as founded in 2016 with 125 employees; a separate source states the app launched in 2018.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does ShopShops do?
ShopShops is a livestream shopping marketplace where hosts sell fashion, accessories and pre-owned luxury goods in real time.
Who founded ShopShops?
ShopShops was founded by Liyia Wu in 2016.
Who are ShopShops's investors?
ShopShops's investors include Ansa Capital, LightShed Ventures, Sozo Ventures, The Chernin Group (TCG Crypto), Union Square Ventures (USV), Acrew Capital, Forerunner Ventures, Gaingels and 2 more.