Sequoia Capital

Mad Street Den is a computer vision and artificial intelligence company that develops a cloud-based platform to build models of generalizable intelligence and deploy them in retail and other industries. Its Vue.ai retail AI stack provides end-to-end solutions across the retail value chain, enabling onsite experiences, marketing, social channels, and operations automation. The MADstack platform offers modules such as object recognition, gaze tracking, emotion-expression detection, head and facial gestures, and 3D facial reconstruction for customizable AI applications. The company serves clients in online fashion, mobile gaming, IoT and connected cars, robotics, photos and social analytics, among other engagements. Founded in 2013 by Anand Chandrasekaran, the company operates from offices in Fremont, California, and maintains additional offices in Chennai and Bengaluru, India, and Tokyo, Japan.

WireScreen is a prominent business intelligence platform specializing in China and global supply chain trends. The company provides corporations and government agencies with comprehensive, accurate, and actionable data on millions of companies and their leadership. By focusing on China's economic rise and its impact on global business, finance, trade, labor, and the environment, WireScreen delivers reliable news and information that empowers clients to make informed decisions. This commitment to understanding and explaining complex global dynamics enables organizations to navigate the evolving business landscape effectively and identify potential investment opportunities.

CertiK is a blockchain security company that uses formal verification and AI-powered monitoring to protect and supervise blockchain protocols and smart contracts. It offers security audits, penetration testing, and custom formal verification services. Founded in 2018 by professors from Yale University and Columbia University, CertiK applies academic research to real-world blockchain deployments to help mission-critical applications scale safely and correctly. The company serves clients globally and maintains a presence in major technology hubs.

CertiK is a blockchain security company that uses formal verification and AI-powered monitoring to protect and supervise blockchain protocols and smart contracts. It offers security audits, penetration testing, and custom formal verification services. Founded in 2018 by professors from Yale University and Columbia University, CertiK applies academic research to real-world blockchain deployments to help mission-critical applications scale safely and correctly. The company serves clients globally and maintains a presence in major technology hubs.

StreamNative is a company that develops a cloud-native event streaming platform based on Apache Pulsar, designed to facilitate real-time access to enterprise data. This platform allows organizations to manage high volumes of data as continuous streams, providing a unified view that integrates both historical and real-time information. By leveraging the architectural strengths of Apache Pulsar, StreamNative enables various industries, including gaming, financial services, and IoT, to transition from isolated legacy systems to a cohesive event streaming environment. The company was founded by a team of experienced contributors and committers from the Apache Pulsar community, who have extensive expertise in implementing scalable event streaming solutions. Headquartered in San Francisco, StreamNative also has offices in Beijing, Shanghai, and Shenzhen, China, extending its reach to a global clientele.

Noom, Inc. is a New York-based company that specializes in mobile health coaching through a psychology-based digital health platform. Founded in 2008, Noom develops a mobile application that combines evidence-based curricula, personalized coaching, and data-driven insights to help users achieve their health and wellness goals, including weight management and chronic disease prevention. The platform offers scalable tools for exercise and nutrition coaching, utilizing artificial intelligence to facilitate behavioral change. Recognized for its innovative approach, Noom has received multiple grants from the National Institutes of Health and was the first mobile application certified by the Centers for Disease Control as a diabetes prevention program. The company also caters to business enterprises, supporting organizations in promoting employee health. With additional offices in Seoul and Tokyo, Noom continues to expand its global reach and impact on personal health management.

PingCAP is a Beijing-based software company that develops TiDB, an open-source distributed Hybrid Transactional/Analytical Processing (HTAP) database designed to handle online transactions and analytics on a single platform. TiDB delivers cloud-native distributed SQL with MySQL compatibility, strong consistency, horizontal scalability, and high availability, serving as a unified solution for OLTP and OLAP workloads. Founded in 2015, PingCAP focuses on open-source development and cloud-native deployment to provide scalable, reliable database experiences for transactional and analytical needs.

Dingdong Maicai is a leading Chinese community-based online retail platform specializing in fresh produce, founded in 2014 and headquartered in Shanghai. The company focuses on enhancing the fresh food consumption experience through its technologically driven service model, which includes direct procurement from producers, efficient pre-warehouse distribution, and rapid home delivery within 29 minutes. It offers a wide range of products, including fresh vegetables, meat, seafood, and other daily necessities, accessible via the Dingdong Fresh app and mini-programs. Operating in major cities like Shanghai, Beijing, Shenzhen, Hangzhou, and Suzhou, Dingdong Maicai is recognized as one of the fastest growing on-demand e-commerce companies in China, supported by an extensive self-operated fulfillment network.

Jiangsu Yunxuetang Network Technology Co., Ltd., founded in December 2011 and headquartered in Suzhou, China, specializes in providing comprehensive corporate education services. The company operates as a training platform designed to enhance enterprise personnel development through innovative Internet technology. Yunxuetang employs a Business-as-a-Service (BaaS) model to deliver tailored solutions for talent development, which includes software platforms, course services, course creation tools, and operational support. By promoting the concept of "a business is a university," Yunxuetang aims to transform corporate training into a structured educational process, ultimately helping businesses to succeed by maximizing the value of their human resources.

Musinsa Co., Ltd. is a fashion-focused company based in Seoul, South Korea, established in 2012. It operates both online and offline, offering a diverse range of products that include apparel, footwear, accessories, cosmetics, and more. Musinsa serves as a platform for various brands, including subculture, national, and global sports brands, providing customers with curated content, styling pictorials, and information on fashion trends. The company emphasizes customer engagement by allowing users to interact with brands and access personalized curation and storytelling. Additionally, Musinsa publishes an online fashion web magazine that showcases product information and brand highlights, further enriching the fashion culture and consumption experience in the Korean market.

Miaoshou Doctor is a healthcare service platform established in 2015 by Tao He and Daoliang Han, headquartered in Beijing. The company focuses on facilitating communication between patients and healthcare professionals, enabling effective management of post-diagnosis outcomes. Its platform empowers doctors to actively monitor their patients' health through ongoing counseling and prescription support, enhancing the overall patient care experience. By streamlining interactions and follow-ups, Miaoshou Doctor aims to improve health outcomes and foster better relationships between patients and their healthcare providers.

Appier Inc., established in 2012 and headquartered in Taipei, Taiwan, specializes in providing AI-powered platforms for enterprises worldwide. Its suite of products includes Aideal for driving purchase decisions, AIQUA for proactive customer engagement, AIXON for unified data science, and CrossX for AI-driven advertising solutions. Appier serves approximately 1,000 global brands and agencies across Asia from its offices in 14 markets, helping businesses make data-driven decisions to increase customer engagement and predict user behavior without the need for specialized AI engineers.

Graphcore is a hardware systems company that develops intelligent processing units to accelerate machine learning. It designs IPUs and offers IPU-Accelerator cards that plug into servers to accelerate training and inference, and IPU-Appliance products that deliver higher performance for inference and training workloads. Founded in 2016 and headquartered in Bristol, United Kingdom, the company maintains additional locations in Palo Alto, London, Oslo, and Beijing. Its IPU architecture enables running current machine learning models orders of magnitude faster across various servers and processors, supporting a range of AI workloads.

ANDPAD is a construction project management software company that streamlines field management and on-site operations for construction projects in Japan. Its platform centralizes information on drawings, materials, processes, site photos, and personnel to support on-site efficiency and project oversight. The company was founded in 2012 as OCT and later renamed ANDPAD, and is headquartered in Tokyo, with offices in Chiyoda, Osaka, Fukuoka, and Sendai.

Playco Global develops browser-based streaming game engines, creating multiplayer games accessible across various gaming platforms. Established in 2010, the company is headquartered in Mountain View, California, with additional offices in San Francisco, Tokyo, and Seoul.

Insider is a growth management platform that assists digital marketers in optimizing their strategies across the entire marketing funnel, from acquisition to retention and revenue generation. Founded in 2012 and headquartered in Singapore, the company utilizes advanced artificial intelligence and machine learning technologies to provide real-time predictive segmentation. This enables marketers to create personalized customer journeys across various channels, including web, mobile, and advertising platforms. Insider's unified data layer simplifies implementation and usage, reducing reliance on complex IT integrations. The platform is designed to minimize marketing waste by enhancing cross-channel customer experiences and optimizing return on ad spend. With a focus on delivering insights that enhance personalization efforts, Insider serves a diverse range of industries, including retail, finance, automotive, and travel, and has established a global presence with offices in multiple countries.

BUFFX is a food production company based in Hangzhou, Zhejiang, founded in 2020. The company specializes in the manufacture and sale of supplementary food products, focusing on innovative candy options that provide essential nutrients. BUFFX's product line includes blueberry gummies, candies, and fruit juice capsules, designed to cater to consumers seeking both nutritional benefits and tasty treats. By combining functionality with flavor, BUFFX aims to meet the growing demand for functional foods in China.

WireScreen is a prominent business intelligence platform specializing in China and global supply chain trends. The company provides corporations and government agencies with comprehensive, accurate, and actionable data on millions of companies and their leadership. By focusing on China's economic rise and its impact on global business, finance, trade, labor, and the environment, WireScreen delivers reliable news and information that empowers clients to make informed decisions. This commitment to understanding and explaining complex global dynamics enables organizations to navigate the evolving business landscape effectively and identify potential investment opportunities.

Musinsa Co., Ltd. is a fashion-focused company based in Seoul, South Korea, established in 2012. It operates both online and offline, offering a diverse range of products that include apparel, footwear, accessories, cosmetics, and more. Musinsa serves as a platform for various brands, including subculture, national, and global sports brands, providing customers with curated content, styling pictorials, and information on fashion trends. The company emphasizes customer engagement by allowing users to interact with brands and access personalized curation and storytelling. Additionally, Musinsa publishes an online fashion web magazine that showcases product information and brand highlights, further enriching the fashion culture and consumption experience in the Korean market.

Noom, Inc. is a New York-based company that specializes in mobile health coaching through a psychology-based digital health platform. Founded in 2008, Noom develops a mobile application that combines evidence-based curricula, personalized coaching, and data-driven insights to help users achieve their health and wellness goals, including weight management and chronic disease prevention. The platform offers scalable tools for exercise and nutrition coaching, utilizing artificial intelligence to facilitate behavioral change. Recognized for its innovative approach, Noom has received multiple grants from the National Institutes of Health and was the first mobile application certified by the Centers for Disease Control as a diabetes prevention program. The company also caters to business enterprises, supporting organizations in promoting employee health. With additional offices in Seoul and Tokyo, Noom continues to expand its global reach and impact on personal health management.

Mad Street Den is a computer vision and artificial intelligence company that develops a cloud-based platform to build models of generalizable intelligence and deploy them in retail and other industries. Its Vue.ai retail AI stack provides end-to-end solutions across the retail value chain, enabling onsite experiences, marketing, social channels, and operations automation. The MADstack platform offers modules such as object recognition, gaze tracking, emotion-expression detection, head and facial gestures, and 3D facial reconstruction for customizable AI applications. The company serves clients in online fashion, mobile gaming, IoT and connected cars, robotics, photos and social analytics, among other engagements. Founded in 2013 by Anand Chandrasekaran, the company operates from offices in Fremont, California, and maintains additional offices in Chennai and Bengaluru, India, and Tokyo, Japan.

Huolala offers logistics services, moving, less-than-truckload, car rental and sales, and after-car services. Founded in 2013 and grown in the Guangdong-Hong Kong-Macao Greater Bay Area.

Founded in 2010, 90 Seconds is a global leader in cloud-based video production platforms. Its platform enables brands worldwide to efficiently manage video projects from planning to delivery, offering services such as international video production, urgent video production, and corporate video production.

Woowa Brothers Corp. is a South Korean company founded in March 2011 and based in Seoul. It specializes in developing mobile applications, particularly focusing on on-demand food delivery services. The company's flagship application allows users to order and receive food deliveries within a specified timeframe, catering to their convenience. In addition to food delivery, Woowa Brothers also offers local marketing and web solutions, along with other applications like a sports events app. Through its innovative platform, the company aims to enhance the user experience in the food delivery sector and beyond.

Graphcore is a hardware systems company that develops intelligent processing units to accelerate machine learning. It designs IPUs and offers IPU-Accelerator cards that plug into servers to accelerate training and inference, and IPU-Appliance products that deliver higher performance for inference and training workloads. Founded in 2016 and headquartered in Bristol, United Kingdom, the company maintains additional locations in Palo Alto, London, Oslo, and Beijing. Its IPU architecture enables running current machine learning models orders of magnitude faster across various servers and processors, supporting a range of AI workloads.

Coupang is South Korea's largest e-commerce platform, offering a wide range of products including electronics, fashion, food, and furniture. It operates primarily in South Korea and Taiwan, with an extensive logistics network ensuring timely delivery.

Hedone is a company based in Shanghai, China, operating an e-commerce platform specializing in beauty and makeup products. Founded in 2014, Hedone caters primarily to Chinese millennials, offering a range of fashion and beauty items designed to embrace individuality.

DAILYHOTEL is a lifestyle technology enabler that provides affordable access to quality experiences in accommodation, dining and travel offerings through its mobile platform. They focus on transaction through mobile app only, selling more than 100,000 room every month on average in just South Korea alone. In 2017 March, they have reached over 7million downloads for their app.

Ant Group Co., Ltd. is a leading provider of digital payment and financial services in China, known for its flagship product, Alipay, a widely used digital payments platform. Established in 2000 and headquartered in Hangzhou, the company offers a variety of financial solutions, including Yu'e Bao, an online cash management platform that invests users' funds in a money market fund; Huabei, a consumer credit service facilitating buy now, pay later options; and MYbank, an online bank focused on serving small businesses and entrepreneurs. Additionally, Ant Group operates Xiang Hu Bao, a mutual aid platform for health protection, and Zhima Credit, a credit assessment service for businesses. The company aims to foster digital transformation across the service industry, ensuring that consumers and small enterprises have equal access to inclusive and sustainable financial services. In July 2020, it rebranded from Ant Small and Micro Financial Services Group Co., Ltd. to Ant Group Co., Ltd.

Xinren Xinshi is a comprehensive human resource system that offers a SaaS-based solution tailored for enterprises in China. The platform supports a wide range of HR functions, including payroll management, employee management, recruitment, social security, performance evaluation, and work attendance. With over 16,000 customers utilizing its services, Xinren Xinshi enables small and medium-sized enterprises (SMEs) to efficiently manage employee salaries and information. The platform also facilitates the connection of bank payroll cards to employees, streamlining salary management for its users.

Aibee is a prominent AI startup founded in November 2017 by Dr. Yuanqing Lin. Specializing in speech recognition, big data analysis, and natural language processing, Aibee focuses on providing comprehensive AI solutions to enhance and modernize vertical industries, particularly in the retail sector. The company aims to transform the operational efficiency and business value of its clients by integrating advanced technologies, including computer vision and predictive analytics. By thoroughly understanding the specific challenges and needs of various industries, Aibee crafts tailored solutions that empower clients to harness the potential of artificial intelligence. This strategic approach not only addresses current pain points but also facilitates the discovery of new business opportunities, positioning Aibee as a key player in the AI landscape in China.

Founded in 2016, Pony.ai develops artificial intelligence software for autonomous mobility deployment, focusing on manufacturing automated vehicles and offering public-facing Robotaxi services. The company operates fully driverless robotaxis through the PonyPilot mobile app in major Chinese cities.

Kneron is a designer and developer of integrated software and hardware edge AI solutions, offering AI System-on-Chips, neural processing units, and on-device visual recognition software. The company enables real-time recognition, inference, and analysis on devices without cloud connectivity, supporting smart homes, smart surveillance, smartphones, wearables, robots, drones, and IoT devices. Its technology enables local AI workloads with low latency for a range of consumer and industrial applications. Founded in 2015, Kneron is headquartered in San Diego, with offices in Taipei, Zhuhai, and Shenzhen.

Graphcore is a hardware systems company that develops intelligent processing units to accelerate machine learning. It designs IPUs and offers IPU-Accelerator cards that plug into servers to accelerate training and inference, and IPU-Appliance products that deliver higher performance for inference and training workloads. Founded in 2016 and headquartered in Bristol, United Kingdom, the company maintains additional locations in Palo Alto, London, Oslo, and Beijing. Its IPU architecture enables running current machine learning models orders of magnitude faster across various servers and processors, supporting a range of AI workloads.

EOC Pharma Group is a biopharmaceutical company based in Shanghai, China, founded in 2015. It specializes in the development, manufacturing, and commercialization of innovative oncology products. EOC employs a licensing model to enhance its product pipeline by incorporating molecules from global biopharmaceutical partners into its robust local infrastructure, which includes manufacturing, clinical development, regulatory filing, and commercialization. The company has a diverse pipeline featuring seven novel products, several of which are positioned as potentially first- and best-in-class. EOC has achieved regulatory milestones with four Class I innovative drug approvals and has initiated clinical studies for its leading products. The company operates an 8,000 square meter cGMP manufacturing facility in Taizhou and maintains offices in key locations, including Shanghai, Beijing, Hong Kong, and Los Angeles. With a team of experienced professionals, EOC aims to establish itself as a leader in oncology innovation in China through strategic partnerships and a comprehensive integrated platform.

Chehaoduo designs an online car trading platform that sells used cars. Its online car trading platform directly links individual car sellers and buyers, which help buyers remove the middlemen as well as purchase used cars easily. Haoyong Yang founded Chehaoduo in 2014, with its headquarters in Beijing in China, with branches in Chinese cities such as Hangzhou and Chongqing.

ChangingEdu is a Shanghai-based company that specializes in online education services through its mobile applications. The platform facilitates connections between students, parents, and teachers, specifically targeting after-school tutoring services. By offering a comprehensive online platform, ChangingEdu enables parents to find suitable tutors for their children, allowing for personalized one-on-one counseling. The service provides all-subject teaching and tutoring options tailored for primary and middle school students, available both at home and online.

Rinnov Partners, also known as Ggulcar, is a South Korean company based in Seoul that specializes in developing an online platform for used-car trading. Founded in 2016, the company operates a managed used car direct trading brokerage platform, facilitating the buying and selling of vehicles between individuals and dealers. Additionally, Rinnov Partners offers vehicle inspection services for goods not registered on their direct trading platform, enhancing the overall value proposition for users.

VoxelCloud Inc. is a technology company specializing in cloud computing and artificial intelligence solutions aimed at enhancing the interpretation of medical images and clinical data. Founded in 2015 and headquartered in Los Angeles, California, VoxelCloud develops automated medical image analysis services that assist healthcare practitioners in diagnosing conditions such as lung cancer, diabetic retinopathy, coronary heart disease, and liver disease. Utilizing proprietary algorithms and deep learning techniques, the company provides accurate and timely insights, transforming clinical workflows and enabling evidence-based decision-making. In addition to its Los Angeles headquarters, VoxelCloud maintains offices in Shanghai and Suzhou, China, and has a satellite research and development team in Phoenix, further supporting its commitment to advancing healthcare through innovative technology.

Infervision is a Beijing-based artificial intelligence company specializing in medical imaging diagnosis through advanced deep learning technology and computer vision. The company develops innovative products aimed at enhancing the efficiency and accuracy of cancer diagnosis. Infervision's efforts led to the creation of the world's first artificial intelligence precise healthcare platform, along with intelligent X-ray and CT assisted diagnosis products, which are currently undergoing trials in several prestigious hospitals across China. The company is deeply committed to academic collaboration, partnering with leading institutions in Chinese Radiology to integrate medical science with technology. Infervision has established partnerships with nearly 20 top-tier hospitals, facilitating the seamless integration of medical data, technology, and application scenarios. This unique approach has enabled Infervision to build a comprehensive artificial intelligence computing platform and a precise healthcare intelligence system that supports medical professionals in delivering better diagnostic outcomes with increased efficiency and reduced costs.

Founded in 2008, Tula Technology specializes in powertrain efficiency solutions. It develops Dynamic Skip Fire (DSF) cylinder deactivation systems, integrating digital signal processing with engine controls to create variable displacement engines. This enables automotive manufacturers to meet fuel efficiency and CO2 emission standards. Primarily serving the U.S., Europe, Asia, and other regions, Tula's technologies are used in over one million vehicles worldwide.

Houzz Inc. is an online platform dedicated to home design and furnishings, connecting homeowners, design enthusiasts, and home improvement professionals globally. Established in 2008 and headquartered in Palo Alto, California, Houzz offers a comprehensive range of services, enabling users to find design inspiration, hire professionals, and shop for home products, including kitchen, bath, and outdoor items. The platform features the largest residential design database in the world, facilitating the sharing of ideas and advice within a vibrant community. Additionally, Houzz Pro provides a Software-as-a-Service solution for professionals in the home remodeling and design sectors, helping them manage their businesses effectively. The company has expanded its reach with offices in key international locations, including London, Berlin, Sydney, Moscow, and Tokyo.

VoxelCloud Inc. is a technology company specializing in cloud computing and artificial intelligence solutions aimed at enhancing the interpretation of medical images and clinical data. Founded in 2015 and headquartered in Los Angeles, California, VoxelCloud develops automated medical image analysis services that assist healthcare practitioners in diagnosing conditions such as lung cancer, diabetic retinopathy, coronary heart disease, and liver disease. Utilizing proprietary algorithms and deep learning techniques, the company provides accurate and timely insights, transforming clinical workflows and enabling evidence-based decision-making. In addition to its Los Angeles headquarters, VoxelCloud maintains offices in Shanghai and Suzhou, China, and has a satellite research and development team in Phoenix, further supporting its commitment to advancing healthcare through innovative technology.

Dadao Financial is a company that specializes in financing services tailored for individuals involved in second-hand property transactions. It offers a range of products, notably Jiaoyibao, which is a real estate insurance product that ensures the safety of assets during these transactions, and Jishidai, which provides expedited mortgage loans that can be secured in as little as three days. To enhance its service offerings, Dadao Financial has established partnerships with several prominent banks, including China Construction Bank, China Everbright Bank, and China CITIC Bank. The company operates 11 offices across major cities in China, including Guangzhou, Shanghai, Nanjing, and Zhengzhou, facilitating easier access to property financing solutions for its clients.

iQIYI is a leading Chinese online entertainment service provider, offering a wide range of content including internet video, live broadcasting, online literature, animations, e-commerce, and social media platforms. It operates on a subscription-based model with additional revenue from ads, content distribution, gaming, and IP licensing. iQIYI competes directly with major players such as Tencent Video, Youku, MangoTV, and Bilibili.

Xiaoshouyi develops software solutions for customer relationship, sales force, and workforce management. IngageApp provides a next-generation CRM solution by leveraging mobile social platform and big data technologies. With its SaaS and PaaS framework, the solution empowers users to engage, sell and provide services to their customers through a seamlessly integrated end-to-end process from marketing automation, sales automation, partner relationship management, to customer and field services. Founded in 2011, in 2017 IngageApp became the first Chinese CRM vendor to be named in Gartner Magic Quadrant for Sales Force Automation (SFA). More than 4,000 companies in over 20 industries use IngageApp to grow their business. Founded by Allan Shi, IngageApp is based in Beijing, China with offices across China and an R&D center in the Silicon Valley. IngageApp has raised several rounds of venture funding from leading investors like Sequoia, Tencent and Matrix Partners.

Founded in 2016, Pony.ai develops artificial intelligence software for autonomous mobility deployment, focusing on manufacturing automated vehicles and offering public-facing Robotaxi services. The company operates fully driverless robotaxis through the PonyPilot mobile app in major Chinese cities.

VoxelCloud Inc. is a technology company specializing in cloud computing and artificial intelligence solutions aimed at enhancing the interpretation of medical images and clinical data. Founded in 2015 and headquartered in Los Angeles, California, VoxelCloud develops automated medical image analysis services that assist healthcare practitioners in diagnosing conditions such as lung cancer, diabetic retinopathy, coronary heart disease, and liver disease. Utilizing proprietary algorithms and deep learning techniques, the company provides accurate and timely insights, transforming clinical workflows and enabling evidence-based decision-making. In addition to its Los Angeles headquarters, VoxelCloud maintains offices in Shanghai and Suzhou, China, and has a satellite research and development team in Phoenix, further supporting its commitment to advancing healthcare through innovative technology.

Founded in 2010, 90 Seconds is a global leader in cloud-based video production platforms. Its platform enables brands worldwide to efficiently manage video projects from planning to delivery, offering services such as international video production, urgent video production, and corporate video production.

Che300.com operates as a leading platform for used-car appraisal in China, akin to Kelly’s Blue Book in the United States. With a penetration rate exceeding 90% in the Chinese car dealer market, it serves as the exclusive appraisal data provider for numerous online marketplaces. The platform offers a comprehensive trading service that includes price and condition information for second-hand cars, enhancing transparency for consumers. Additionally, Che300.com provides financial services and insurance products to facilitate transactions, solidifying its role as a vital resource in the used-car market.

The ONE Music Group, founded in 2013 and based in San Francisco, California, specializes in the manufacture of innovative musical instruments that integrate digital technology. The company offers a diverse range of products, including pianos, keyboards, and related accessories such as keyboard bags and stands. Notably, The ONE Smart Piano is recognized as the world's first Apple MFi-certified upright piano, designed to facilitate learning through integrated LED lights that guide beginners in playing songs. Additionally, The ONE Music Group provides a mobile application for iOS and Android that features video lessons, LED light-guided sheet music, and engaging piano games. The company serves customers primarily in China and North America and has a robust online sales platform.

Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China's largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The Company's two platforms are inter-connected and mutually beneficial. The Dada Now platform enables improved delivery experience for participants on the JDDJ platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol "DADA".

Rong360 is a Chinese company specializing in customized financing and loan services. It provides a platform for users to search and compare various loan products offered by banks and lending agencies. By facilitating direct contact between users and bank personnel, Rong360 creates a comprehensive marketplace for financing solutions. The platform also offers personalized search results, enabling users to find credit cards, loan applications, and wealth management products tailored to their financial needs and credit profiles. Additionally, Rong360 delivers data risk management solutions that assist financial service providers in areas such as application approval and fraud detection, enhancing the overall efficiency of the lending process.

DAILYHOTEL is a lifestyle technology enabler that provides affordable access to quality experiences in accommodation, dining and travel offerings through its mobile platform. They focus on transaction through mobile app only, selling more than 100,000 room every month on average in just South Korea alone. In 2017 March, they have reached over 7million downloads for their app.

Pinkoi is a social e-commerce platform that enables designers and artists to sell their unique products, ranging from clothing and fashion accessories to home goods and electronics. Founded in 2011 and headquartered in Taipei, Taiwan, Pinkoi caters primarily to the Asian market, offering an online marketplace where original designs can be showcased and purchased. The platform fosters a community for creative individuals by providing them with a venue to present their work and connect with potential buyers. With a mobile application complementing its online presence, Pinkoi continues to support a diverse array of products, emphasizing unique gifts and luxury goods.

Beequick is a company that specializes in providing one-hour delivery services for fresh produce and other products from community convenience stores. Operating primarily in Beijing, Beequick has served over 250,000 customers through its online-to-offline platform, which allows consumers to place orders via a mobile application. The company aims to expand its services to other major cities in China.

Che300.com operates as a leading platform for used-car appraisal in China, akin to Kelly’s Blue Book in the United States. With a penetration rate exceeding 90% in the Chinese car dealer market, it serves as the exclusive appraisal data provider for numerous online marketplaces. The platform offers a comprehensive trading service that includes price and condition information for second-hand cars, enhancing transparency for consumers. Additionally, Che300.com provides financial services and insurance products to facilitate transactions, solidifying its role as a vital resource in the used-car market.

Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China's largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The Company's two platforms are inter-connected and mutually beneficial. The Dada Now platform enables improved delivery experience for participants on the JDDJ platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol "DADA".

Founded in 2008, Tula Technology specializes in powertrain efficiency solutions. It develops Dynamic Skip Fire (DSF) cylinder deactivation systems, integrating digital signal processing with engine controls to create variable displacement engines. This enables automotive manufacturers to meet fuel efficiency and CO2 emission standards. Primarily serving the U.S., Europe, Asia, and other regions, Tula's technologies are used in over one million vehicles worldwide.

Feidee is a Beijing-based company founded in 2010 that specializes in online platforms for personal finance management. The company enables users to track their daily expenses and manage their finances effectively through its mobile applications. One of its key offerings is Kaniu, a mobile application designed specifically for managing credit card expenditures. By allowing users to record their incomes and expenses, Feidee's platforms facilitate budgeting and enhance savings management, making personal finance more accessible and efficient for individuals.

Tiantian Yongche is a carpool and ridesharing app. Tiantian Yongche currently operates in Beijing, Shanghai, Guangzhou, Hangzhou, Tianjin, Chengdu, and a handful of smaller cities.

51yongche is a Chinese carpooling platform that operates a mobile application designed to facilitate ride-sharing. The service connects vehicle owners with commuting passengers who share similar routes, allowing them to split the cost of the ride. Despite having the backing of significant funding, 51yongche is a relatively recent player in China's ridesharing market and currently operates in only four cities, indicating a limited geographic reach. The company's focus is on providing an efficient and cost-effective solution for daily commuters through its innovative carpooling services.

Beequick is a company that specializes in providing one-hour delivery services for fresh produce and other products from community convenience stores. Operating primarily in Beijing, Beequick has served over 250,000 customers through its online-to-offline platform, which allows consumers to place orders via a mobile application. The company aims to expand its services to other major cities in China.

To8to provides services for users to find contractors to renovate and decorate their apartments. The platform currently has nearly 60,000 decoration companies and 700,000 designers from 80 cities in China.

Xiaoshouyi develops software solutions for customer relationship, sales force, and workforce management. IngageApp provides a next-generation CRM solution by leveraging mobile social platform and big data technologies. With its SaaS and PaaS framework, the solution empowers users to engage, sell and provide services to their customers through a seamlessly integrated end-to-end process from marketing automation, sales automation, partner relationship management, to customer and field services. Founded in 2011, in 2017 IngageApp became the first Chinese CRM vendor to be named in Gartner Magic Quadrant for Sales Force Automation (SFA). More than 4,000 companies in over 20 industries use IngageApp to grow their business. Founded by Allan Shi, IngageApp is based in Beijing, China with offices across China and an R&D center in the Silicon Valley. IngageApp has raised several rounds of venture funding from leading investors like Sequoia, Tencent and Matrix Partners.

Xiaoshouyi develops software solutions for customer relationship, sales force, and workforce management. IngageApp provides a next-generation CRM solution by leveraging mobile social platform and big data technologies. With its SaaS and PaaS framework, the solution empowers users to engage, sell and provide services to their customers through a seamlessly integrated end-to-end process from marketing automation, sales automation, partner relationship management, to customer and field services. Founded in 2011, in 2017 IngageApp became the first Chinese CRM vendor to be named in Gartner Magic Quadrant for Sales Force Automation (SFA). More than 4,000 companies in over 20 industries use IngageApp to grow their business. Founded by Allan Shi, IngageApp is based in Beijing, China with offices across China and an R&D center in the Silicon Valley. IngageApp has raised several rounds of venture funding from leading investors like Sequoia, Tencent and Matrix Partners.

Houzz Inc. is an online platform dedicated to home design and furnishings, connecting homeowners, design enthusiasts, and home improvement professionals globally. Established in 2008 and headquartered in Palo Alto, California, Houzz offers a comprehensive range of services, enabling users to find design inspiration, hire professionals, and shop for home products, including kitchen, bath, and outdoor items. The platform features the largest residential design database in the world, facilitating the sharing of ideas and advice within a vibrant community. Additionally, Houzz Pro provides a Software-as-a-Service solution for professionals in the home remodeling and design sectors, helping them manage their businesses effectively. The company has expanded its reach with offices in key international locations, including London, Berlin, Sydney, Moscow, and Tokyo.

Rong360 is a Chinese company specializing in customized financing and loan services. It provides a platform for users to search and compare various loan products offered by banks and lending agencies. By facilitating direct contact between users and bank personnel, Rong360 creates a comprehensive marketplace for financing solutions. The platform also offers personalized search results, enabling users to find credit cards, loan applications, and wealth management products tailored to their financial needs and credit profiles. Additionally, Rong360 delivers data risk management solutions that assist financial service providers in areas such as application approval and fraud detection, enhancing the overall efficiency of the lending process.

Jianpu Technology Inc. is the independent open platform for discovery and recommendation of financial products in China, according to the iResearch Report*. By leveraging our deep data insights and proprietary technology, we provide users with personalized search results and recommendations that are tailored to each user’s particular financial needs and credit profile. We also enable financial service providers with sales and marketing solutions to reach and serve their target customers more effectively through online and mobile channels, and enhance their competitiveness by providing them with tailored data, risk management and end-to-end solutions. We are committed to maintaining an independent open platform, which allows us to serve the needs of users and financial service providers impartially.

Appier Inc., established in 2012 and headquartered in Taipei, Taiwan, specializes in providing AI-powered platforms for enterprises worldwide. Its suite of products includes Aideal for driving purchase decisions, AIQUA for proactive customer engagement, AIXON for unified data science, and CrossX for AI-driven advertising solutions. Appier serves approximately 1,000 global brands and agencies across Asia from its offices in 14 markets, helping businesses make data-driven decisions to increase customer engagement and predict user behavior without the need for specialized AI engineers.

51yongche is a Chinese carpooling platform that operates a mobile application designed to facilitate ride-sharing. The service connects vehicle owners with commuting passengers who share similar routes, allowing them to split the cost of the ride. Despite having the backing of significant funding, 51yongche is a relatively recent player in China's ridesharing market and currently operates in only four cities, indicating a limited geographic reach. The company's focus is on providing an efficient and cost-effective solution for daily commuters through its innovative carpooling services.

Deep Glint is a Beijing-based technology company that specializes in artificial intelligence products and solutions. The company utilizes 3D computer vision and machine learning technologies to enhance understanding of human behavior and environment interactions. Deep Glint is recognized for its pioneering automatic analysis solutions that monitor human behavior and trajectory, primarily serving sectors such as banking and retail. Additionally, the company offers its expertise in urban management, smart finance, sports health, and rail transit operation maintenance, contributing to advancements in these diverse fields.

Coupang is South Korea's largest e-commerce platform, offering a wide range of products including electronics, fashion, food, and furniture. It operates primarily in South Korea and Taiwan, with an extensive logistics network ensuring timely delivery.

Angel Medical Group (安琪儿医疗控股集团) is an investment group focused on integrating superior medical resources in Chinese mainland, investing in high-end obstetrics medical institutions, and dealing with brand chain operation. Angel Medical Group is headquartered in Chengdu, in accordance with the international medical business philosophy. Its subordinate hospital is established referring to international JCI Standard, which is an obstetrics and gynecology hospital integrating medical treatment, scientific research, precaution, health care and recovery, aiming at making a model of high-end maternity health service. Chengdu Angel Hospital for Gynaecology and Obstetrics is the high-end hospital for gynecology and obstetrics under the group, and has been recognized by industry and society.

Founded in 2008, Tula Technology specializes in powertrain efficiency solutions. It develops Dynamic Skip Fire (DSF) cylinder deactivation systems, integrating digital signal processing with engine controls to create variable displacement engines. This enables automotive manufacturers to meet fuel efficiency and CO2 emission standards. Primarily serving the U.S., Europe, Asia, and other regions, Tula's technologies are used in over one million vehicles worldwide.

Kuaiyong is a Chinese company specialized in providing iOS device management solutions. The core team of the company has years of internet-based working experience and many practical experiences in enterprise management, capital operation, product marketing, and more. The team has won many achievements, owning many patented technologies and technology accumulation.

Xiaoshouyi develops software solutions for customer relationship, sales force, and workforce management. IngageApp provides a next-generation CRM solution by leveraging mobile social platform and big data technologies. With its SaaS and PaaS framework, the solution empowers users to engage, sell and provide services to their customers through a seamlessly integrated end-to-end process from marketing automation, sales automation, partner relationship management, to customer and field services. Founded in 2011, in 2017 IngageApp became the first Chinese CRM vendor to be named in Gartner Magic Quadrant for Sales Force Automation (SFA). More than 4,000 companies in over 20 industries use IngageApp to grow their business. Founded by Allan Shi, IngageApp is based in Beijing, China with offices across China and an R&D center in the Silicon Valley. IngageApp has raised several rounds of venture funding from leading investors like Sequoia, Tencent and Matrix Partners.

Founded in 2001, Skyscanner is a global travel search platform that helps users compare and book flights, hotels, and car rentals from millions of options worldwide.

Clustrix, Inc. is a technology company based in San Francisco, California, that specializes in a cloud-based distributed SQL relational database designed to handle high-transaction workloads. Founded in 2006, Clustrix offers a scale-out SQL database known as ClustrixDB, which addresses the performance, availability, and growth demands of modern e-commerce sites and other business-critical applications. This platform enables real-time transactions, massive transactional volumes, and real-time analytics, supporting unlimited users and data while automating fault tolerance. ClustrixDB serves a diverse clientele, including notable companies such as AOL, Flipkart, and Rakuten, and is available for deployment on commodity hardware and various cloud environments. The company also has branch offices in Seattle, London, San Jose, and Seoul, and operates as a subsidiary of MariaDB Corporation Ab as of September 2018.

Plateno Hotel Group is a leading hospitality company in China, recognized for its innovative and customer-centric approach. The company manages a diverse portfolio of 14 hotel brands, operating over 3,000 hotels across more than 300 cities. Catering to budget, corporate, and leisure travelers, Plateno provides a wide range of accommodations and services, including entertainment, restaurants, and food facilities. In addition to its hotel operations, the group engages in leasing and converting properties into hotels, as well as managing hotels for franchisees. Plateno also invests in apartment communities and cafés and supports young artists through a non-profit platform. With over 50 million room bookings annually, Plateno Hotel Group remains a significant player in the hospitality industry.

Weibu is a Chinese terminal sales management platform providing LBS-based POS sales management, visualized operation analysis, and intelligent logistics services that enable large-scale manufacturers and dealers in the FMCG industry to decrease their operating cost. Weibu is dedicated to the provision of terminal sales management mobile solutions that support real-time store management operations that include sales volume and orders processing by sales representatives; visualized logistics in time processing; product exposure rate; activeness and other management indicators using visualized map modes.

Clustrix, Inc. is a technology company based in San Francisco, California, that specializes in a cloud-based distributed SQL relational database designed to handle high-transaction workloads. Founded in 2006, Clustrix offers a scale-out SQL database known as ClustrixDB, which addresses the performance, availability, and growth demands of modern e-commerce sites and other business-critical applications. This platform enables real-time transactions, massive transactional volumes, and real-time analytics, supporting unlimited users and data while automating fault tolerance. ClustrixDB serves a diverse clientele, including notable companies such as AOL, Flipkart, and Rakuten, and is available for deployment on commodity hardware and various cloud environments. The company also has branch offices in Seattle, London, San Jose, and Seoul, and operates as a subsidiary of MariaDB Corporation Ab as of September 2018.

CSD E. P. Water Service Co., Ltd. is focused on providing environmental infrastructure management solutions in China. It is subordinated to the CSD Environmental Protection group and it is a comprehensive solution supplier engaged in sewerage treatment, taking the operation control of environmental infrastructure as the core business. CSD Water Service has become one of the leading brands in the field of Chinese operation management of environment infrastructure, owning a wide range of close client groups, and it is famous for providing long-term environment management services for governments of small and medium-sized cities. It also owns mature and leading innovative service products and top-ranking system of operation management service and it gathers the elite team of domestic operation management industry. Meanwhile, the subordinate professional engineering company of CSD Water Service Co., Ltd. maintains close contact with the industry and government clients and has accumulated rich experience in engineering technical service.

Houzz Inc. is an online platform dedicated to home design and furnishings, connecting homeowners, design enthusiasts, and home improvement professionals globally. Established in 2008 and headquartered in Palo Alto, California, Houzz offers a comprehensive range of services, enabling users to find design inspiration, hire professionals, and shop for home products, including kitchen, bath, and outdoor items. The platform features the largest residential design database in the world, facilitating the sharing of ideas and advice within a vibrant community. Additionally, Houzz Pro provides a Software-as-a-Service solution for professionals in the home remodeling and design sectors, helping them manage their businesses effectively. The company has expanded its reach with offices in key international locations, including London, Berlin, Sydney, Moscow, and Tokyo.

Founded in 2008, Tula Technology specializes in powertrain efficiency solutions. It develops Dynamic Skip Fire (DSF) cylinder deactivation systems, integrating digital signal processing with engine controls to create variable displacement engines. This enables automotive manufacturers to meet fuel efficiency and CO2 emission standards. Primarily serving the U.S., Europe, Asia, and other regions, Tula's technologies are used in over one million vehicles worldwide.

Hua Data Technology is a Chinese professional service company established in March 2002, specializing in high-level data mining and data analysis. The company offers a digital and risk marketing platform that provides comprehensive services, including application software and consulting solutions for marketing analysis, customer relationship management, and decision support. By focusing on advanced data analytics, Hua Data Technology aims to enhance scientific decision-making and optimize management processes for its clients, enabling them to achieve marketing excellence and improve operational efficiency.

Bubbly Inc. is a Singapore-based company that develops a social voice application, enabling users to connect and share voice messages globally. The Bubbly app allows users to follow celebrities and popular figures, listen to updates in their authentic voices, and share their own voice recordings enhanced with various audio effects and filters. The platform functions across both feature phones and smartphones, expanding its reach to a wide audience. Bubbly is recognized for its innovative approach to social messaging, likened to "Twitter with a voice," and has gained over 30 million users, particularly in Asia. With recent updates, the application has become available globally through its iPhone and Android versions, further enhancing user engagement. Founded in 2003 and formerly known as Bubble Motion, Bubbly operates under Altruist Technologies Pvt. Ltd. and has expanded its operations to regions including Silicon Valley, India, Japan, Indonesia, Thailand, and the Philippines.

Clustrix, Inc. is a technology company based in San Francisco, California, that specializes in a cloud-based distributed SQL relational database designed to handle high-transaction workloads. Founded in 2006, Clustrix offers a scale-out SQL database known as ClustrixDB, which addresses the performance, availability, and growth demands of modern e-commerce sites and other business-critical applications. This platform enables real-time transactions, massive transactional volumes, and real-time analytics, supporting unlimited users and data while automating fault tolerance. ClustrixDB serves a diverse clientele, including notable companies such as AOL, Flipkart, and Rakuten, and is available for deployment on commodity hardware and various cloud environments. The company also has branch offices in Seattle, London, San Jose, and Seoul, and operates as a subsidiary of MariaDB Corporation Ab as of September 2018.

Rong360 is a Chinese company specializing in customized financing and loan services. It provides a platform for users to search and compare various loan products offered by banks and lending agencies. By facilitating direct contact between users and bank personnel, Rong360 creates a comprehensive marketplace for financing solutions. The platform also offers personalized search results, enabling users to find credit cards, loan applications, and wealth management products tailored to their financial needs and credit profiles. Additionally, Rong360 delivers data risk management solutions that assist financial service providers in areas such as application approval and fraud detection, enhancing the overall efficiency of the lending process.

BGI Tech Solutions Co., Ltd., founded in 2012 and headquartered in Shenzhen, China, is a leading provider of advanced life sciences technology and bioinformatics services. The company operates lab facilities in Hong Kong, Wuhan, and Sacramento, along with branch offices in various regions, including Europe, the Americas, and multiple cities in mainland China. BGI Tech's extensive service network spans over 100 countries and regions, collaborating with more than 10,000 organizations and 30,000 partners on a multitude of research projects, including significant international genome initiatives. The company specializes in a wide range of sequencing solutions, including genomics, transcriptomics, epigenomics, metagenomics, PDXomics, and single-cell sequencing, among others. Through its commitment to integrated omics platforms, BGI Tech aims to accelerate advancements in life sciences and address critical health, agricultural, energy, and environmental challenges, ultimately contributing to the betterment of society.

Liebo is a Chinese designer e-commerce brand that specializes in a diverse range of apparel, emphasizing emotion, movement, and color in its clothing products. Founded in November 2006 by designers Dafeng and Xiaofeng, the company has established itself as an original creative force in the fashion industry. Liebo offers its apparel through online platforms as well as retail stores, catering to a wide audience and enhancing accessibility to its distinctive designs. Headquartered in China, Liebo continues to innovate and expand its presence in the competitive fashion market.

Houzz Inc. is an online platform dedicated to home design and furnishings, connecting homeowners, design enthusiasts, and home improvement professionals globally. Established in 2008 and headquartered in Palo Alto, California, Houzz offers a comprehensive range of services, enabling users to find design inspiration, hire professionals, and shop for home products, including kitchen, bath, and outdoor items. The platform features the largest residential design database in the world, facilitating the sharing of ideas and advice within a vibrant community. Additionally, Houzz Pro provides a Software-as-a-Service solution for professionals in the home remodeling and design sectors, helping them manage their businesses effectively. The company has expanded its reach with offices in key international locations, including London, Berlin, Sydney, Moscow, and Tokyo.

EdayTown owns and operates an educational, entertainment, and indoor recreation center. It is based on child-situational experiences. EdayTown enables children to play various social roles and experiences in the adult world in advance, so that they will be able to cultivate mental health, improve social ability, and develop a sound personality. EdayTown is based in Shanghai, China.

Meilishuo is a Chinese online platform that caters to fashion-conscious women by offering a Pinterest-like experience focused on personalized shopping for clothing, cosmetics, and accessories. Launched in November 2009, the platform allows users to search for expert advice, explore shops, and engage in group buying while sharing links to their favorite products. Meilishuo primarily aggregates listings from third-party sites, with a significant focus on Taobao, China's largest e-commerce platform. When users click on products, they are redirected to these external sites to complete their purchases, after which Meilishuo earns a commission. Since its launch, the platform has attracted 150 million registered users, with a daily user volume of 3.2 million and approximately 164 million daily page views. Meilishuo plays a notable role in driving traffic to Taobao, contributing around 700 million yuan to its monthly turnover. The company faces competition from other platforms, notably Mogujie, in the burgeoning market for fast fashion among young women in China.

Douban is a Chinese social networking service that focuses on lifestyle and cultural products and services, catering primarily to urban residents and college students. The platform facilitates interest-based interactions among users, allowing them to discover and share reviews for movies, books, and music. Additionally, Douban enables users to publish opinions and pose questions in group forums, fostering a community centered around cultural discussions and shared interests. Through its unique offerings, Douban has positioned itself as a significant player in the online social networking landscape in China.

Beijing Basha Technology Co., Ltd operates an online gift store known as Basha Web, which serves both individuals and businesses. Established in 2005, the company has developed a service standard that allows customers to choose gifts freely. Basha Web offers a diverse range of services, including gift sending, customer relationship management, and employee welfare solutions. The company employs various business models, including B2B and B2C sales, and integrates platform outsourcing to enhance its service offerings. Based in Beijing, China, Basha focuses on providing a comprehensive gift experience tailored to the needs of its clients.

Octmami is a Chinese brand specializing in the design, development, and sale of maternity dresses. Founded in the 1990s, the company has established itself as a leader in the domestic maternity wear market, setting trends in product concepts and design. Octmami operates over 600 fashion shops worldwide, offering considerate service and maintaining a strong sales volume. The brand is known for its attention to the cultural aspects of pregnant women and infants, aiming to support healthy baby growth through its products.

Meilishuo is a Chinese online platform that caters to fashion-conscious women by offering a Pinterest-like experience focused on personalized shopping for clothing, cosmetics, and accessories. Launched in November 2009, the platform allows users to search for expert advice, explore shops, and engage in group buying while sharing links to their favorite products. Meilishuo primarily aggregates listings from third-party sites, with a significant focus on Taobao, China's largest e-commerce platform. When users click on products, they are redirected to these external sites to complete their purchases, after which Meilishuo earns a commission. Since its launch, the platform has attracted 150 million registered users, with a daily user volume of 3.2 million and approximately 164 million daily page views. Meilishuo plays a notable role in driving traffic to Taobao, contributing around 700 million yuan to its monthly turnover. The company faces competition from other platforms, notably Mogujie, in the burgeoning market for fast fashion among young women in China.

Yada International Holdings Ltd. is a company based in Beijing, China, that specializes in the development and investment in rehabilitation and aged-care properties. Founded in 2011, the company aims to create supportive living environments for senior citizens. Yada International Holdings also focuses on the broader healthcare sector, providing financial support and resources to enterprises in both the aged-care and tourism industries. This dual focus allows the company to facilitate the successful development of facilities and services that cater to the needs of an aging population in China.

Meilishuo is a Chinese online platform that caters to fashion-conscious women by offering a Pinterest-like experience focused on personalized shopping for clothing, cosmetics, and accessories. Launched in November 2009, the platform allows users to search for expert advice, explore shops, and engage in group buying while sharing links to their favorite products. Meilishuo primarily aggregates listings from third-party sites, with a significant focus on Taobao, China's largest e-commerce platform. When users click on products, they are redirected to these external sites to complete their purchases, after which Meilishuo earns a commission. Since its launch, the platform has attracted 150 million registered users, with a daily user volume of 3.2 million and approximately 164 million daily page views. Meilishuo plays a notable role in driving traffic to Taobao, contributing around 700 million yuan to its monthly turnover. The company faces competition from other platforms, notably Mogujie, in the burgeoning market for fast fashion among young women in China.