Sydney entrepreneur Dorry Kordahi has a powerful new backer.
Jacky Wang, founder of United Capital (Beijing) and former Alibaba vice president, has taken a stake in his company DKM Blue China.
The Australian arm of DKM Blue produces corporate uniforms and merchandise as well as fashion clothing.
Its fashion labels are stocked in over 550 retailers throughout Australia and New Zealand for its various seven brands.
The pair’s new venture will concentrate on the burgeoning Chinese domestic market for these sectors.
In addition to his current position and tenure at Alibaba, Beijing-based Wang held the position of chairman and managing director of DHL Logistics China.
"When I discovered DKM Blue’s fourteen year history of successful trading out of Shanghai, I quickly saw the potential it had to capitalise on China’s massive domestic market," Wang said.
Since opening its doors in 2002, DKM BLUE has transformed itself from a single platform merchandise company to a multi-discipline hybrid holding contracts with major government agencies and multi-national blue chips.
These contracts cover merchandise premiums, corporate uniforms and patented products.
Wang’s stake holding will also strengthen DKM Blue's existing operation in China, which has been operational for 14 years.
Kordahi said the partnership will bring carte blanche entry into the upper echelons of Chinese business circles.
"The icing on the cake is that the economies of scale created by our expansion into the Chinese market will also be of benefit to our Australian customer base enormously," he said.