Editor’s Note
This week’s report from Fashion.VC offers a concise overview of key investment and M&A activity across the global fashion and lifestyle sectors, tracking developments from luxury goods to sustainable fashion.

Fashion.VC’s “Global Fashion Brand Investment Weekly Report,” launched in 2024, provides timely summaries of brand investments, mergers and acquisitions, and IPO events in the domestic and international luxury, fashion, and lifestyle sectors. It covers various segments including luxury goods, apparel, footwear, bags, jewelry, watches, beauty, personal care, fragrance, sports, outdoor, hotels, travel, electronics, health, maternity & baby, home goods, and sustainable fashion.
Issue 51 of the “Global Fashion Brand Investment Weekly Report” for 2025 compiles 8 brand investment and M&A news items that occurred between December 16 and December 22, 2025, including 1 from China and 7 from overseas.
1) AR Glasses Company “LeiNiao Innovation” Completes Hundreds of Millions RMB in D+ Round Financing
LeiNiao Innovation Technology (Shenzhen) Co., Ltd. recently completed a D+ round of financing worth hundreds of millions of RMB. Investors include the Beijing China Mobile Digital New Economy Industry Fund Partnership (Limited Partnership), Shanghai China Mobile Digital Transformation Industry Private Equity Fund Partnership…
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