24tidy, a 24-hour O2O laundry site, raised tens of millions yuan in Series A financing led by SIP Oriza Seed Fund Management, an early-stage investment platform under Oriza Holdings. SIP Oriza is also the baker of online travel platform LY.com and logistics service SF Express. A series of similar laundry services surfaced in the past one-year period, including Xiyigj, Ganxike, Lanrizi, Weixiyi, etc., and traditional laundry chain store Rongchain Service also rolled out its online platform. Yao thinks that although the number of competitors is surging, the market size of Chinese laundry industry (around 150 billion yuan) is huge enough to accommodate various players. However, Yao holds that online laundry service is more applicable to Chinese market thanks thanks to the high population density and relatively low logistics costs in China.