VANCL (Wanke Eslite) has an overall valuation of over one billion US dollars

Jiang Haotian, the managing director of Northern Lights Investment, recently stated that VANCL’s current valuation has reached US$1 billion.

Founded in 2007, VANCL was founded as a founder of Joyo.com. Since its inception, Vanke Eslite has developed rapidly and its product range has expanded from the initial single standardized shirt to today's men's, women's, children's wear, shoes, accessories, and home furnishings in six categories. Since the establishment of the company, only 15 garments have been sold each day. Today, Eslite has shipped more than 100,000 pieces a day. Feng Chen, the founder and chairman of Eslite, expects that Vanke Eslite will sell 30 million garments in 2010, with sales exceeding 2 billion yuan. By 2011, Vanke Eslite will sell 100 million garments a year.