Chinese footwear brand Pane has received an undisclosed funding round from Shanghai-based consumer investment firm BA Capital. The deal, completed in August, was first reported by retail journalist Yvonne Yao on September 22. According to Qichacha (企查查), BA Capital founder David He Yu was appointed a director of Pane’s operating company on August 19. Founded in Shanghai in 2022 by Full Monty founder Chen Ning (陈宁), Pane is known for low-top Derby-style sneakers priced at around 800 RMB ($119). It operates eight directly owned stores across six Chinese cities, and its Tmall GMV exceeded 100 million RMB ($14.9 million) in 2025. It plans to enter Thailand first, then Europe.

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