Anker Reaches $11B Valuation in 2020

The Amazon-native brand, Anker, officially reached an $11,000,000,000 Market Cap on the Chinese Stock Market by the end of 2020, reports Marketplace Pulse:

“Anker, a Chinese brand founded in 2011 by ex-Google engineer Steven Yang, debuted on the Shenzhen Stock Exchange on August 24th. The brand was one of the first Amazon-native brands. It surpassed $1 billion in sales in 2020. The company had a market cap of over $8 billion at the end of the first trading day. It had an $11 billion market cap by the end of 2020.”
-https://www.marketplacepulse.com/marketplaces-year-in-review-2020

This shows just how big the opportunity is on Amazon today. We’ve also seen another company rise to a Unicorn, billion dollar status, this year, Thras.io. The Amazon Private Label Acquirer raised $360M to-date to acquire brands that focus on Amazon.

This is only the very beginning.