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Rent the Runway Secures Major Investment from Alibaba’s Jack Ma

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Fashion rental service Rent the Runway recently secured a $20 million investment from Alibaba founders Jack Ma and Joe Tsai through their investment arm Blue Pool Capital, according to Recode. With the investment, the company is reportedly valued at $800 million. “I have huge respect for Joe and Jack and wanted to opportunistically involve them…

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