ZhenFund, established in 2011, is a prominent seed fund and venture capital firm headquartered in Beijing, with additional offices in Shenzhen, Shanghai, and Silicon Valley. Co-founded by Bob Xiaoping Xu and Victor Qiang Wang, former entrepreneurs and co-founders of New Oriental, ZhenFund invests in early-stage, innovative companies across sectors such as e-commerce, education, AI, and fintech. With a network of over 800 portfolio companies, including more than 30 unicorns, ZhenFund provides mentorship, resources, and facilitates networking among entrepreneurs to help build successful businesses. The firm has been recognized as the top early-stage investment firm for six consecutive years, with its founders, Bob Xu and Anna Fang, consistently ranked on the Midas List.
China World Trade Center (Guomao), No. 1 Jian Guo Men Wai Avenue, Chaoyang District, Beijing 100004, China
Grace Gu
Principal and Head of Eastern China
Yuan Liu
Partner
Tianyi Qin
Principal
Yuguang Sun
Investment Associate
Lulu Sun
VP
Debbie Wang
VP
Terry Wang
Venture Partner
Fangzhou Yao
Managing Director
Li Yi
Investment Associate
Emma Yin
Partner
Meng Yuan
Investment Associate
Jack Zheng
Managing Partner
Past deals in E-commerce
Dianzhuo
Seed Round in 2024
Dianzhuo is a digital retail company that specializes in providing international and imported electrical appliances.
Tiaoyue Intelligent
Angel Round in 2022
Developer of digital marketing using generative AI. The company focuses on five major technologies including AI for video synthesis, lip and body movement synthesis, emotional speech synthesis, dialogue engine and knowledge graph, enabling live streaming and ecommerce platform to solve specific problems such as pre-sale contact, sale and after-sales service.
Peppermint
Seed Round in 2022
Peppermint offers stylish innerwear for men online. They also provide a vast collection of innerwear and top brands of boy shorts for men. Peppermint's products have soft material that provides comfort, even in uncomfortable situations.
KNOWIN Trend Lab
Venture Round in 2021
Knowin is a vertical community e-commerce platform for sports categories dedicated to creating a trendy fashion space for young people.
KNOWIN Trend Lab
Series A in 2021
Knowin is a vertical community e-commerce platform for sports categories dedicated to creating a trendy fashion space for young people.
Betterwood
Seed Round in 2020
Betterwood is a developer focused on creating management systems specifically for newly built hotels. The company offers an outsourcing solution that facilitates online hotel reservations, enabling hotels that lack their own websites to effectively reach and attract online customers. By streamlining the reservation process, Betterwood aims to enhance the operational efficiency of these hotels, allowing them to compete in the digital marketplace. The company is particularly active in markets such as China, where it seeks to support the growth of the hospitality sector.
HugePOD
Series B in 2020
Hugepod is a company that specializes in print-on-demand apparel design and manufacturing. It operates an online platform that connects customers with a global network of diverse manufacturers, facilitating a flexible supply chain tailored for the fashion industry. This model allows world-class retailers to access a wide variety of apparel options, enhancing their ability to respond to market demands efficiently. By streamlining the manufacturing process, Hugepod offers a solution that caters to the evolving needs of both manufacturers and retailers.
Syrius Robotics
Series A in 2020
Syrius Robotics, founded in 2018 and based in Shenzhen, China, specializes in manufacturing autonomous mobile robots for material handling in various sectors, including e-commerce, retail, and logistics. The company develops its own operational systems, software platforms, and AIoT cloud services to enhance the efficiency of fulfillment centers and warehouses worldwide. Utilizing advanced technologies such as Artificial Intelligence, laser radar, and camera systems, Syrius Robotics provides intelligent logistics solutions that improve productivity and streamline logistics management. Their products are increasingly adopted by a diverse range of commercial organizations beyond the transportation industry, showcasing the versatility of their automation solutions.
Yatsen Holding
Venture Round in 2020
Yatsen Holding Limited, established in 2016 and headquartered in Guangzhou, China, specializes in the development and sale of beauty products. The company operates under several brands, including Perfect Diary, Little Ondine, and Abby’s Choice. Its product portfolio encompasses a wide range of items such as color cosmetics, skincare, nail care, makeup tools, accessories, kits, perfumes, beauty devices, and colored contact lenses. Yatsen Holding Limited distributes its products through both physical stores and online channels. The company's flagship brand, Perfect Diary, achieved significant success by becoming the top color cosmetics brand in China in terms of online retail sales value within three years of its launch.
Eccang Technology
Series A in 2020
ECCANG specializes in cross-border e-commerce software, offering a suite of integrated enterprise SaaS platforms tailored for e-commerce operators. The company develops advanced solutions, including enterprise resource management (ERP) systems, warehouse management systems (WMS), transportation management systems (TMS), and various peripheral products. By focusing on enhancing productivity and operational efficiency, ECCANG serves major e-commerce operators and their suppliers in the global market, providing innovative tools to streamline their business processes.
Nice Tuan
Series B in 2020
Nice Tuan is an e-commerce platform specializing in fresh produce, beverages, leisure food, and a variety of daily supplies. The company operates a community-focused model, partnering with local residential communities to source products from nearby warehouses and producers. By doing so, Nice Tuan aims to provide comprehensive grocery and household item offerings tailored to the needs of local residents. The platform emphasizes efficiency and convenience, striving to create a well-integrated community e-commerce ecosystem centered on daily groceries and fresh produce.
Yiduo
Angel Round in 2019
Yiduo is an e-commerce business partner and technology solution company. They offer e-commerce agent operation, marketing planning, private domain service, and technical services. They support the development of new brands, assist in their market penetration and establishment, and recognize the significance of brand incubation.
Wanwu Dezhi
Series B in 2019
The Wanwu Dezhi app is an e-commerce platform that offers a wide range of mobile Internet services, including Wenwan handicraft transactions, expert online treasure appraisal, and the Guofeng life community. It is dedicated to breaking down industry barriers and using the transparency of the Internet to establish and improve industry standards and efficiency. It provides users with cost-effective and high-quality cultural and entertainment products and a high-quality shopping experience through its three core services of live streaming, bidding, and one-price (distribution), while also providing a large number of commodities and a convenient online trading platform for merchants to buy and sell goods.
Tongcheng Shenghuo
Series B in 2019
Tongcheng Life is a community O2O group purchase service platform. With the community as a unit, it establishes a community sales office and completes offline delivery. The platform provides supply, logistics, storage and after-sales support. It mainly provides primary edible agricultural products, food, daily necessities, flowers and gardening, and crafts. , Beauty products and other services.
Yungehuo
Series A in 2019
Yungehuo is a logistics company that offers a comprehensive shipping service platform, catering to various modes of cargo transportation. It operates within the "Internet + Transportation Industry" sector, focusing on enhancing logistics efficiency through intelligent quotation systems for diverse transportation methods. By streamlining the shipping process, Yungehuo aims to significantly improve the overall effectiveness of the logistics services provided to its customers.
Tongcheng Shenghuo
Series A in 2019
Tongcheng Life is a community O2O group purchase service platform. With the community as a unit, it establishes a community sales office and completes offline delivery. The platform provides supply, logistics, storage and after-sales support. It mainly provides primary edible agricultural products, food, daily necessities, flowers and gardening, and crafts. , Beauty products and other services.
Furong Xingsheng
Series A in 2019
Furong Xingsheng, established in 2009 and headquartered in Changsha, China, operates convenience stores and offers B2B logistics and distribution services. The company's business model revolves around its community shopping platform, Xingsheng Youxuan, which was launched in 2018. This platform sources fresh products and caters to daily household consumer needs through an online ordering and offline pickup system, offering a wide range of fresh produce, groceries, and general merchandise.
Citcon
Series B in 2019
Citcon, founded in 2015 and headquartered in Silicon Valley, California, is a prominent payment technology company that facilitates mobile payments for global merchants. The company has developed a comprehensive platform that connects merchants with a wide array of mobile wallets and digital payment methods, enabling them to securely accept payments through web, mobile, and in-store channels. Citcon's infrastructure offers a user-friendly, contactless shopping experience that enhances security for both consumers and merchants. Through a single API suite and an integrated processing and fund settlement platform, businesses can efficiently manage domestic and international transactions. With a presence in the U.S., Canada, Europe, and Asia, Citcon serves millions of mobile wallet users, allowing them to shop at tens of thousands of participating merchants.
Syrius Robotics
Seed Round in 2019
Syrius Robotics, founded in 2018 and based in Shenzhen, China, specializes in manufacturing autonomous mobile robots for material handling in various sectors, including e-commerce, retail, and logistics. The company develops its own operational systems, software platforms, and AIoT cloud services to enhance the efficiency of fulfillment centers and warehouses worldwide. Utilizing advanced technologies such as Artificial Intelligence, laser radar, and camera systems, Syrius Robotics provides intelligent logistics solutions that improve productivity and streamline logistics management. Their products are increasingly adopted by a diverse range of commercial organizations beyond the transportation industry, showcasing the versatility of their automation solutions.
Kargo Technologies
Seed Round in 2019
Kargo Technologies is an online logistics platform based in Jakarta, Indonesia, that connects retail, e-commerce, and commercial sector shippers with truck fleets across the Indonesian archipelago. Founded in 2018, the company operates a freight logistics marketplace that enables shippers, transporters, and truckers to connect and conduct transactions efficiently. Through its website and mobile app, Kargo Technologies offers real-time shipment tracking and the ability to expand business networks, ultimately increasing revenue for its users. By digitizing freight matching and eliminating intermediaries, Kargo Technologies enhances the efficiency of supply chains in the region.
HugePOD
Seed Round in 2019
Hugepod is a company that specializes in print-on-demand apparel design and manufacturing. It operates an online platform that connects customers with a global network of diverse manufacturers, facilitating a flexible supply chain tailored for the fashion industry. This model allows world-class retailers to access a wide variety of apparel options, enhancing their ability to respond to market demands efficiently. By streamlining the manufacturing process, Hugepod offers a solution that caters to the evolving needs of both manufacturers and retailers.
Dandelion
Series A in 2019
Dandelion is a developer and provider of a marketing platform designed to facilitate the seamless discovery of content and commerce. The company enables sellers and service providers to utilize existing content, such as product catalogs and marketplace listings, to create effective advertisements. These ads can be deployed across social media channels, thereby enhancing marketing efforts. Dandelion's vision is to empower individuals and businesses to easily engage in marketing activities, fostering an environment where anyone can participate as a marketer in addition to being a seller.
Xiaoqule
Series A in 2018
Xiaoqule is a community-focused e-commerce platform based in Hangzhou, China, and operates as a subsidiary of Zhejiang Gejia Network Technology Co., Ltd. The platform connects local businesses with consumers, facilitating the purchase of cost-effective products and services, including seasonal fruits and vegetables, imported snacks, and group ordering options. By shortening transportation times and ensuring the quality of goods, Xiaoqule enhances the shopping experience for local communities. Additionally, Xiaoqule provides logistical support, encompassing transportation, technology, marketing, and customer service, thereby enabling users to interact with their communities while conveniently fulfilling their purchasing needs.
Global Scanner
Series A in 2018
Global Scanner is a social e-commerce platform targeting the middle-class in China.
Yungehuo
Seed Round in 2018
Yungehuo is a logistics company that offers a comprehensive shipping service platform, catering to various modes of cargo transportation. It operates within the "Internet + Transportation Industry" sector, focusing on enhancing logistics efficiency through intelligent quotation systems for diverse transportation methods. By streamlining the shipping process, Yungehuo aims to significantly improve the overall effectiveness of the logistics services provided to its customers.
Zhangshangfucai
Series A in 2018
Zhangshangfucai operates an online B2B trading platform specializing in building material decoration. The platform connects customers directly with manufacturers and suppliers, facilitating the purchase of over a thousand types of commonly used construction materials. By streamlining the procurement process, Zhangshangfucai ensures that customers can efficiently place and receive online orders, enhancing the overall supply chain for decoration auxiliary materials in the construction industry.
handheld DPM
Series A in 2018
Handheld Auxiliary Materials is a B2B mall for decoration auxiliary materials. The platform directly connects with manufacturers or first-tier suppliers to purchase more than a thousand commonly used building auxiliary materials into warehouses. After the order is placed on the platform, the handheld assistant will send a professional team to follow up to confirm the goods, prices, specifications and other information. After completion, the handheld accessories will be shipped from its own warehouse, and will be responsible for logistics and transportation, and deliver the accessories to the site designated by the foreman The settlement will be carried out on the spot, under the control of Meicai (Wuhan) Technology Co., Ltd.
LyncMed
Series B in 2018
China is the largest producer in the 300 billion dollar medical device global market, through the traditional way, the Hospitals/clinics will after a long supply chain before they can get the products- from the OEM plant’s product line, through export trade agent, across the ocean to product brand owner’s warehouse, then the wholesaler distribute the products pass multi levels to the end distributors who serve the Hospitals /Clinics. That’s one of the reasons healthcare cost is so high and keep raising. Now, you can purchase the good quality medical disposable products online, while it’s just one click away for you, LyncMed is doing all the work behind that - manufacturer& product quality check, cross boarder shipping and 24hrs customer services.
Furong Xingsheng
Series A in 2018
Furong Xingsheng, established in 2009 and headquartered in Changsha, China, operates convenience stores and offers B2B logistics and distribution services. The company's business model revolves around its community shopping platform, Xingsheng Youxuan, which was launched in 2018. This platform sources fresh products and caters to daily household consumer needs through an online ordering and offline pickup system, offering a wide range of fresh produce, groceries, and general merchandise.
More Sales
Angel Round in 2018
More Sales provides digital optimization and upgrading services for all roles in the entire supply chain and develops a big data-supported smart supply chain marketing service platform for networked information sharing and online collaboration. It also drives digital operations through internet technology, improves chain transaction efficiency with efficient services, serves the consumer goods industry, and provides digital optimization and upgrading services.
Yatsen Holding
Series B in 2018
Yatsen Holding Limited, established in 2016 and headquartered in Guangzhou, China, specializes in the development and sale of beauty products. The company operates under several brands, including Perfect Diary, Little Ondine, and Abby’s Choice. Its product portfolio encompasses a wide range of items such as color cosmetics, skincare, nail care, makeup tools, accessories, kits, perfumes, beauty devices, and colored contact lenses. Yatsen Holding Limited distributes its products through both physical stores and online channels. The company's flagship brand, Perfect Diary, achieved significant success by becoming the top color cosmetics brand in China in terms of online retail sales value within three years of its launch.
Nice Tuan
Angel Round in 2018
Nice Tuan is an e-commerce platform specializing in fresh produce, beverages, leisure food, and a variety of daily supplies. The company operates a community-focused model, partnering with local residential communities to source products from nearby warehouses and producers. By doing so, Nice Tuan aims to provide comprehensive grocery and household item offerings tailored to the needs of local residents. The platform emphasizes efficiency and convenience, striving to create a well-integrated community e-commerce ecosystem centered on daily groceries and fresh produce.
Zhijiabest
Series A in 2018
Zhijiabest is a E-commerce Start up Based in Beijing.
The Good Stuff
Series B in 2018
Founded in 2016, The Good Stuff is a top community-based e-commerce startup that makes premium products and services accessible to middle-class Chinese consumers. It leverages China's upward trend in consumption and delivers a value of quality, wellness and fun. Their Curators search the world for premium offerings, from good farmers and artisanal producers, and deliver to their Stylists, mostly young parents who are opinion leaders in their communities - they select their favorites, share with the people around them and earn a commission for the value they produce.
Dahezi
Series A in 2018
Dahezi is an e-commerce platform focused on women's wear, providing personalized online styling services aimed at transforming the shopping experience for clients in China. By combining data science with human judgment, Dahezi offers tailored selections of apparel, shoes, and accessories that align with individual styles. The platform emphasizes a customer-centric approach, allowing users to enjoy a unique shopping experience that includes the convenience of free returns.
LOOK
Series A in 2018
LOOK is an online supplier that specializes in fashion and lifestyle content, offering a diverse range of products including clothing and consumer goods. The platform features over 5,000 fashion items sourced globally, enabling Chinese users to access worldwide fashion without constraints related to time or geography. LOOK utilizes a combination of machine learning and human customer service to enhance the shopping experience, providing personalized fashion matching services that cater to individual preferences. This innovative approach allows users to seamlessly browse and purchase items, making it a distinctive player in the e-commerce landscape.
Bolt
Series A in 2018
Bolt is a company dedicated to enhancing e-commerce by providing a streamlined checkout experience. Founded in 2014 and headquartered in San Francisco, Bolt offers a platform that enables retailers to facilitate secure, one-click checkouts for their customers, eliminating the need for passwords or repeated personal information. This approach not only simplifies the purchasing process but also improves conversion rates and customer retention for businesses. A growing number of retailers, including well-known brands such as REVOLVE, Casper, Badgley Mischka, and Benefit Cosmetics, utilize Bolt's services to meet the demand for efficient and user-friendly online shopping experiences. By democratizing commerce, Bolt aims to strengthen the connection between retailers and their customers.
Xiaohongshu
Series D in 2018
Xiaohongshu, founded in 2013 and based in Shanghai, China, is a lifestyle sharing platform that allows users to share experiences through text, images, and videos. Initially aimed at assisting overseas travelers with shopping, it has transformed into a vibrant community focused on various lifestyle areas, including cosmetics, fashion, food, travel, entertainment, reading, fitness, and childcare. The platform serves as a social e-commerce space where users can post their favorite products, share shopping experiences, and discover global merchandise, particularly in luxury and beauty sectors. By fostering user-generated content, Xiaohongshu encourages a collaborative environment for lifestyle enthusiasts to exchange insights and recommendations.
Quan5.com
Series B in 2018
Quan5.com is an e-commerce platform that specializes in home furnishings and accessories. It integrates the home furnishing supply chain to offer a diverse selection of high-quality, luxurious furniture and household electronics that cater to various cultural styles. The platform aims to provide individuals with a comprehensive one-stop shopping experience for home-related needs, focusing on both industrial information and empowering participants in the home goods sector. Through its commitment to delivering exceptional products, Quan5.com seeks to enhance the way consumers engage with home decor and furnishings.
LyncMed
Series B in 2018
China is the largest producer in the 300 billion dollar medical device global market, through the traditional way, the Hospitals/clinics will after a long supply chain before they can get the products- from the OEM plant’s product line, through export trade agent, across the ocean to product brand owner’s warehouse, then the wholesaler distribute the products pass multi levels to the end distributors who serve the Hospitals /Clinics. That’s one of the reasons healthcare cost is so high and keep raising. Now, you can purchase the good quality medical disposable products online, while it’s just one click away for you, LyncMed is doing all the work behind that - manufacturer& product quality check, cross boarder shipping and 24hrs customer services.
Haoyihulian
Series B in 2018
Haoyihulian is an apparel retail and clothing supply chain platform.
Locals
Series A in 2018
A online boutique guesthouse sharing and booking platform Based in Beijing,China.
Xianshiji
Series B in 2018
Xianshiji is an e-commerce platform.
Club Factory
Series C in 2018
Club Factory operates an online shopping platform that facilitates cross-border e-commerce by connecting consumers directly with manufacturers. The company utilizes big data and artificial intelligence to scan the internet for factories selling products on major platforms like Wish, eBay, and Amazon, allowing it to compare prices from multiple sources. This approach enables Club Factory to present customers with the most competitive pricing options. In addition to enhancing the shopping experience for consumers, the platform also offers supply chain management solutions for enterprises, thereby streamlining the process of purchasing goods at lower prices.
Ecom Chain
Angel Round in 2018
Ecom Chain is a decentralized sales distribution platform based in China that leverages Ethereum technology. The platform enables individuals, brands, distributors, and product originators to create their own communities, facilitating the formation of a distribution matrix where commissions can be shared automatically. Ecom Token serves as the digital currency for settling distribution commissions, rewards, advertisements, and virtual community development. By empowering users, Ecom Chain aims to transform the micro-business and influencer-driven e-commerce sectors, contributing to the growth of the community economy.
The Good Stuff
Series B in 2018
Founded in 2016, The Good Stuff is a top community-based e-commerce startup that makes premium products and services accessible to middle-class Chinese consumers. It leverages China's upward trend in consumption and delivers a value of quality, wellness and fun. Their Curators search the world for premium offerings, from good farmers and artisanal producers, and deliver to their Stylists, mostly young parents who are opinion leaders in their communities - they select their favorites, share with the people around them and earn a commission for the value they produce.
LyncMed
Series A in 2017
China is the largest producer in the 300 billion dollar medical device global market, through the traditional way, the Hospitals/clinics will after a long supply chain before they can get the products- from the OEM plant’s product line, through export trade agent, across the ocean to product brand owner’s warehouse, then the wholesaler distribute the products pass multi levels to the end distributors who serve the Hospitals /Clinics. That’s one of the reasons healthcare cost is so high and keep raising. Now, you can purchase the good quality medical disposable products online, while it’s just one click away for you, LyncMed is doing all the work behind that - manufacturer& product quality check, cross boarder shipping and 24hrs customer services.
Meiweishenghuo (Delicious Life)
Series A in 2017
Meiweishenghuo, also known as Delicious Life, is a Beijing-based company that specializes in the manufacturing and operation of smart vending machines across urban centers in China. Founded by a former manager from Meituan-Dianping, the company provides a checkout-free shopping experience that enables customers to purchase fresh produce, including lunchboxes, fruits, salads, snacks, and beverages, by simply scanning a QR code. Meiweishenghuo collaborates with leading merchants to ensure high-quality offerings, utilizing full cold-chain distribution to maintain the freshness and preservation of its products. The company is focused on establishing the largest offline platform for intelligent vending machines in China, making fine food easily accessible to consumers.
Few Moda
Seed Round in 2017
Few Moda is an online wholesale fashion marketplace for women that is located all over the world. Few Moda brings fashion products to style-savvy retailers, department stores, and other partner distribution channels by combining brand designers and rising designers with global production resources.
Ke.com
Series A in 2017
Beike (www.ke.com) was founded in early 2018, China's newest, smartest and technology-driven multi-service property platform, designed to improve user experience and increase exposure for our trusted partners at the same time. Beike is an open platform and enables excellent agents to use resources more effectively, together to be a high-quality ecosystem of second-hand property, new property, rental property and decoration on the one hand. On the other, All accredited partners through providing high-quality housing and technical support, and partner could apply to be a franchisee. In the following several years, Beike aims to cover over 300 cities in China and franchise more than 100 partners, linking 100 thousand branches and 1 million property agents and serving over 200 million households. Beike Overseas was designed to meet the needs for the growing number of Chinese families seeking overseas property, including new property, secondhand property, and rental property. Beike overseas now covers 11 countries, the U.S., Canada, Australia, New Zealand, the U.K., France,Germany, Singapore, Japan, Thailand, and Korea, and has over 10,000 listings online.
Yatsen Holding
Series B in 2017
Yatsen Holding Limited, established in 2016 and headquartered in Guangzhou, China, specializes in the development and sale of beauty products. The company operates under several brands, including Perfect Diary, Little Ondine, and Abby’s Choice. Its product portfolio encompasses a wide range of items such as color cosmetics, skincare, nail care, makeup tools, accessories, kits, perfumes, beauty devices, and colored contact lenses. Yatsen Holding Limited distributes its products through both physical stores and online channels. The company's flagship brand, Perfect Diary, achieved significant success by becoming the top color cosmetics brand in China in terms of online retail sales value within three years of its launch.
Quan5.com
Series A in 2017
Quan5.com is an e-commerce platform that specializes in home furnishings and accessories. It integrates the home furnishing supply chain to offer a diverse selection of high-quality, luxurious furniture and household electronics that cater to various cultural styles. The platform aims to provide individuals with a comprehensive one-stop shopping experience for home-related needs, focusing on both industrial information and empowering participants in the home goods sector. Through its commitment to delivering exceptional products, Quan5.com seeks to enhance the way consumers engage with home decor and furnishings.
Duia
Series B in 2017
Beijing Duia Online Education Technology Co., Ltd. is a Chinese enterprise specializing in online education services. The company offers a platform for live learning that focuses on developing professional technical skills. Duia provides a range of well-structured career development classes, covering subjects such as accounting, childhood education, finance, economics, English, design, and psychology. Its aim is to supply comprehensive educational resources for individuals seeking to enhance their technical expertise and advance their careers.
Citybox
Series A in 2017
Citybox is a smart vending machine operator based in Shanghai, China, founded in 2015. The company provides automated retail terminals that function as checkout-free convenience stores. These terminals are equipped with QR code scanning, anti-theft features, and user tracking capabilities. Citybox offers a variety of fresh produce, including yogurt and chilled lunchboxes, catering to diverse environments such as offices, residential communities, shopping malls, and schools. Customers can access the products by scanning a unique QR code, allowing for a seamless shopping experience where the bill is automatically sent to their smartphones after closing the terminal door.
Citybox
Series A in 2017
Citybox is a smart vending machine operator based in Shanghai, China, founded in 2015. The company provides automated retail terminals that function as checkout-free convenience stores. These terminals are equipped with QR code scanning, anti-theft features, and user tracking capabilities. Citybox offers a variety of fresh produce, including yogurt and chilled lunchboxes, catering to diverse environments such as offices, residential communities, shopping malls, and schools. Customers can access the products by scanning a unique QR code, allowing for a seamless shopping experience where the bill is automatically sent to their smartphones after closing the terminal door.
Ke.com
Seed Round in 2017
Beike (www.ke.com) was founded in early 2018, China's newest, smartest and technology-driven multi-service property platform, designed to improve user experience and increase exposure for our trusted partners at the same time. Beike is an open platform and enables excellent agents to use resources more effectively, together to be a high-quality ecosystem of second-hand property, new property, rental property and decoration on the one hand. On the other, All accredited partners through providing high-quality housing and technical support, and partner could apply to be a franchisee. In the following several years, Beike aims to cover over 300 cities in China and franchise more than 100 partners, linking 100 thousand branches and 1 million property agents and serving over 200 million households. Beike Overseas was designed to meet the needs for the growing number of Chinese families seeking overseas property, including new property, secondhand property, and rental property. Beike overseas now covers 11 countries, the U.S., Canada, Australia, New Zealand, the U.K., France,Germany, Singapore, Japan, Thailand, and Korea, and has over 10,000 listings online.
NEIWAI
Series B in 2017
NEIWAI is a mid-to-high-end underwear brand founded in Shanghai in 2012, dedicated to providing comfortable clothing that respects the feelings of women. The company emphasizes a design philosophy that harmonizes comfort, function, and beauty, resulting in a diverse range of products suitable for various daily activities, including home and sports. Over the past five years, NEIWAI has served more than 200,000 female customers, reflecting its commitment to meeting the needs of its clientele. By focusing on the comfort of close-fitting clothing, NEIWAI aims to enhance the everyday experiences of its customers through thoughtfully designed underwear.
Yatsen Holding
Convertible Note in 2017
Yatsen Holding Limited, established in 2016 and headquartered in Guangzhou, China, specializes in the development and sale of beauty products. The company operates under several brands, including Perfect Diary, Little Ondine, and Abby’s Choice. Its product portfolio encompasses a wide range of items such as color cosmetics, skincare, nail care, makeup tools, accessories, kits, perfumes, beauty devices, and colored contact lenses. Yatsen Holding Limited distributes its products through both physical stores and online channels. The company's flagship brand, Perfect Diary, achieved significant success by becoming the top color cosmetics brand in China in terms of online retail sales value within three years of its launch.
Haoyihulian
Series A in 2017
Haoyihulian is an apparel retail and clothing supply chain platform.
LyncMed
Series A in 2017
China is the largest producer in the 300 billion dollar medical device global market, through the traditional way, the Hospitals/clinics will after a long supply chain before they can get the products- from the OEM plant’s product line, through export trade agent, across the ocean to product brand owner’s warehouse, then the wholesaler distribute the products pass multi levels to the end distributors who serve the Hospitals /Clinics. That’s one of the reasons healthcare cost is so high and keep raising. Now, you can purchase the good quality medical disposable products online, while it’s just one click away for you, LyncMed is doing all the work behind that - manufacturer& product quality check, cross boarder shipping and 24hrs customer services.
Xiaohongshu
Series C in 2017
Xiaohongshu, founded in 2013 and based in Shanghai, China, is a lifestyle sharing platform that allows users to share experiences through text, images, and videos. Initially aimed at assisting overseas travelers with shopping, it has transformed into a vibrant community focused on various lifestyle areas, including cosmetics, fashion, food, travel, entertainment, reading, fitness, and childcare. The platform serves as a social e-commerce space where users can post their favorite products, share shopping experiences, and discover global merchandise, particularly in luxury and beauty sectors. By fostering user-generated content, Xiaohongshu encourages a collaborative environment for lifestyle enthusiasts to exchange insights and recommendations.
Moretickets
Seed Round in 2017
Moretickets is an online ticketing company based in Shanghai that operates a ticketing platform aimed at providing users with direct access to performance tickets. By employing a multi-channel ticket bidding mechanism, Moretickets eliminates intermediaries and offers strictly audited tickets at discounted prices. This approach allows users to obtain detailed performance information while purchasing tickets at lower costs. The company's focus on transparency and affordability distinguishes it in the competitive ticketing market.
Club Factory
Series B in 2017
Club Factory operates an online shopping platform that facilitates cross-border e-commerce by connecting consumers directly with manufacturers. The company utilizes big data and artificial intelligence to scan the internet for factories selling products on major platforms like Wish, eBay, and Amazon, allowing it to compare prices from multiple sources. This approach enables Club Factory to present customers with the most competitive pricing options. In addition to enhancing the shopping experience for consumers, the platform also offers supply chain management solutions for enterprises, thereby streamlining the process of purchasing goods at lower prices.
Yimutian
Series C in 2016
Yimutian is an agricultural B2B e-commerce platform based in Beijing, China.
Chaoneng Xiaohei
Pre Seed Round in 2016
Chaoneng Xiaohei is a pet fresh grain e-commerce provider that provides pets with fresh meat and vegetables, zero additives, and dog food with a shelf life of 10 days.
ByteGain
Seed Round in 2016
ByteGain, Inc. is a company based in Los Altos, California, that specializes in developing a platform for real-time predictions regarding user behavior on websites. Established in 2015, ByteGain employs advanced deep learning techniques to analyze user interaction, enabling businesses to enhance customer engagement, improve recommendations, and optimize monetization strategies. The platform provides actionable insights that help companies better understand their users and attract new customers. By focusing on creating personalized online experiences, ByteGain aims to address the disconnect experienced by users when interacting with businesses in the digital space, moving away from generic messaging towards tailored, engaging interactions.
Xianshiji
Angel Round in 2016
Xianshiji is an e-commerce platform.
Yatsen Holding
Convertible Note in 2016
Yatsen Holding Limited, established in 2016 and headquartered in Guangzhou, China, specializes in the development and sale of beauty products. The company operates under several brands, including Perfect Diary, Little Ondine, and Abby’s Choice. Its product portfolio encompasses a wide range of items such as color cosmetics, skincare, nail care, makeup tools, accessories, kits, perfumes, beauty devices, and colored contact lenses. Yatsen Holding Limited distributes its products through both physical stores and online channels. The company's flagship brand, Perfect Diary, achieved significant success by becoming the top color cosmetics brand in China in terms of online retail sales value within three years of its launch.
Youcheyihou.com
Series A in 2016
YouCheYiHou is a car media platform that offers a range of services including a mobile app and small program solutions, alongside e-commerce for automotive supplies. The platform serves as an online information hub for motor vehicle transactions, providing users with updates on car models, maintenance tips, and insights into the car industry. By leveraging big data from the automotive sector, YouCheYiHou aids car dealerships in managing sales, branding, and customer service, while also delivering valuable information to both consumers and dealers.
NEIWAI
Series A in 2016
NEIWAI is a mid-to-high-end underwear brand founded in Shanghai in 2012, dedicated to providing comfortable clothing that respects the feelings of women. The company emphasizes a design philosophy that harmonizes comfort, function, and beauty, resulting in a diverse range of products suitable for various daily activities, including home and sports. Over the past five years, NEIWAI has served more than 200,000 female customers, reflecting its commitment to meeting the needs of its clientele. By focusing on the comfort of close-fitting clothing, NEIWAI aims to enhance the everyday experiences of its customers through thoughtfully designed underwear.
Bon Cake
Series A in 2016
Bon Cake is an e-commerce platform that specializes in unique and customizable cakes, catering to a diverse range of themes, including popular cartoon characters, animals, flowers, and fruit designs. The company allows customers to place orders online and provides delivery services to ensure convenience. In addition to cakes, Bon Cake also offers a selection of gift items, such as flowers, enhancing the overall customer experience by providing aesthetically pleasing and memorable products for various occasions.
Yiigoo
Series A in 2016
Yiigoo is a developer of an e-commerce platform focused on baby clothing and accessories, catering specifically to infants aged 0 to 3 years. The platform offers a curated selection of self-branded clothing made from organic cotton, ensuring that parents can purchase safe and high-quality products for their children at affordable prices. Through its user-friendly interface, Yiigoo aims to provide a convenient shopping experience for parents looking for reliable and stylish options for their babies.
Mianbaoxiaoke
Angel Round in 2016
Mianbaoxiaoke is a content monetization and community economy solution provider committed to helping self-media realise commercialization through content payment. They provide a learning platform for content and paid courses.
Di5cheng.com
Series A in 2016
Di5cheng is developing a big data platform for mobile chemical B2B e-commerce transactions.By analyzing the industrial logic of the chemical industry chain, using Internet means and data algorithms, precise product and service matching is achieved, and ultimately the industrial structure is optimized, the value-added links in the chain are served, industrial efficiency is improved, and transaction costs are reduced.
LyncMed
Seed Round in 2016
China is the largest producer in the 300 billion dollar medical device global market, through the traditional way, the Hospitals/clinics will after a long supply chain before they can get the products- from the OEM plant’s product line, through export trade agent, across the ocean to product brand owner’s warehouse, then the wholesaler distribute the products pass multi levels to the end distributors who serve the Hospitals /Clinics. That’s one of the reasons healthcare cost is so high and keep raising. Now, you can purchase the good quality medical disposable products online, while it’s just one click away for you, LyncMed is doing all the work behind that - manufacturer& product quality check, cross boarder shipping and 24hrs customer services.
Inagora
Series B in 2016
Inagora Inc. is a Japanese company that specializes in cross-border e-commerce, primarily connecting Japanese businesses with overseas customers, particularly in China. Founded in 2014 and based in Minato, Japan, Inagora operates the mobile application Wando, which facilitates cross-border transactions by offering services such as content creation, marketing, logistics, and settlement without currency risk. The platform, known as Wandou, caters to approximately 3 million users and features around 40,000 products, focusing on categories like cosmetics, clothing, and food from various Japanese brands. Through its innovative approach, Inagora aims to enhance the accessibility of Japanese goods to international markets.
WonderFull (Wandou Gongzhu)
Series A in 2016
WonderFull (Wandou Gongzhu) provides the most accurate and professional Japanese products and services.
Gegejia.com
Series A in 2016
Gegejia, operated by Zhejiang Grid Network Technology Co., Ltd., is an e-commerce platform specializing in the sale of imported food products. Launched on March 26, 2015, the company quickly gained traction, processing over 10,000 orders within its first 30 days, generating millions in revenue. Gegejia partners with renowned international food brands to offer high-quality and carefully selected food items to Chinese consumers. The core team at Gegejia brings extensive e-commerce experience, with each member having between five to ten years in the industry, contributing to the company's strong resource network and operational expertise.
Inagora
Series A in 2016
Inagora Inc. is a Japanese company that specializes in cross-border e-commerce, primarily connecting Japanese businesses with overseas customers, particularly in China. Founded in 2014 and based in Minato, Japan, Inagora operates the mobile application Wando, which facilitates cross-border transactions by offering services such as content creation, marketing, logistics, and settlement without currency risk. The platform, known as Wandou, caters to approximately 3 million users and features around 40,000 products, focusing on categories like cosmetics, clothing, and food from various Japanese brands. Through its innovative approach, Inagora aims to enhance the accessibility of Japanese goods to international markets.
FUXK
Angel Round in 2016
FUXK is an online seller of computer products.
Omni Prime
Seed Round in 2015
Omni Prime is an e-commerce framework that enables the optimization of back-end operations. It helps business owners build and manage customized e-commerce solutions. Omni Prime allows its users to make their own marketplaces to sell products by various sellers with its marketplace admin portal and seller management system. The platform also offers data analytics and intelligence to help its users make decisions that will help maximize sales and profits. It is recommended for manufacturers, retailers, e-commerce players, vendors, suppliers, and distributors. Founded in 2015, Omni Prime is based in Wayne, Pennsylvania, United States.
YouChe.com
Series B in 2015
YouChe.com is a Chinese online platform specializing in the trading of second-hand cars. The company operates primarily through a business-to-consumer (B2C) and online-to-offline (O2O) model, enabling customers to buy and sell used vehicles efficiently. In addition to facilitating vehicle transactions, YouChe.com offers various financing services to support customers in their purchasing decisions. The platform aims to streamline the process of second-hand automobile trading, catering to the needs of both buyers and sellers in the growing market for pre-owned vehicles in China.
Bolt
Seed Round in 2015
Bolt is a company dedicated to enhancing e-commerce by providing a streamlined checkout experience. Founded in 2014 and headquartered in San Francisco, Bolt offers a platform that enables retailers to facilitate secure, one-click checkouts for their customers, eliminating the need for passwords or repeated personal information. This approach not only simplifies the purchasing process but also improves conversion rates and customer retention for businesses. A growing number of retailers, including well-known brands such as REVOLVE, Casper, Badgley Mischka, and Benefit Cosmetics, utilize Bolt's services to meet the demand for efficient and user-friendly online shopping experiences. By democratizing commerce, Bolt aims to strengthen the connection between retailers and their customers.
Huafuda
Angel Round in 2015
Huafuda is an online platform that provides insurance-related information services. The company specializes in managing a variety of e-commerce transactions, allowing clients to access insurance services tailored to these transactions. By leveraging data technology, Huafuda facilitates transaction-based insurance solutions, enhancing the efficiency and effectiveness of insurance management for its users.
Custom Ink
Seed Round in 2015
Custom Ink is a leading retailer specializing in custom apparel and accessories tailored for groups, events, and special occasions. Based in Fairfax, Virginia, with additional locations in Charlottesville, Reno, Dallas, and Los Angeles, the company offers a wide range of products, including t-shirts, sweatshirts, activewear, and drinkware. Custom Ink provides an engaging online platform with user-friendly design tools and attentive customer service, enabling customers to create personalized designs that foster a sense of belonging within their communities, such as schools, teams, and charities. The company also supports fundraising efforts through its Custom Ink Fundraising initiative and features Represent by Custom Ink, which allows influencers to design and sell limited-edition merchandise to their fans.
TD Brand
Angel Round in 2015
A one-stop service platform for brands to design, produce, market and sell products to consumers in China.
NEIWAI
Seed Round in 2015
NEIWAI is a mid-to-high-end underwear brand founded in Shanghai in 2012, dedicated to providing comfortable clothing that respects the feelings of women. The company emphasizes a design philosophy that harmonizes comfort, function, and beauty, resulting in a diverse range of products suitable for various daily activities, including home and sports. Over the past five years, NEIWAI has served more than 200,000 female customers, reflecting its commitment to meeting the needs of its clientele. By focusing on the comfort of close-fitting clothing, NEIWAI aims to enhance the everyday experiences of its customers through thoughtfully designed underwear.
Artsy
Series C in 2015
Artsy is the largest online art marketplace, offering access to over one million artworks from both iconic and emerging artists. The platform collaborates with leading museums, galleries, auction houses, and art fairs to create a comprehensive space for buying and selling art. By connecting users to a global audience, Artsy not only facilitates the discovery and collection of art but also supports artists and promotes art appreciation worldwide. Additionally, the company manages online art publications, further enhancing its role in the art community.
Mia.com
Series C in 2014
Mia.com is an e-commerce platform founded in 2011 by Liu Nan, headquartered in Beijing, China. The company specializes in offering a wide range of baby care products, including maternity dresses, milk powders, diapers, toys, shoes, and blankets. By providing an online retail space, Mia.com enables customers to access high-quality baby products at competitive prices, making it easier for parents to meet their needs for essential baby items.
Skydrop
Seed Round in 2014
Flirtey Technology Pty Ltd specializes in drone delivery services, focusing on urgent medical supplies, retail items, and food delivery across the United States. Founded in 2013 and headquartered in Reno, Nevada, the company aims to enhance lifestyles by providing instant delivery solutions. Flirtey has achieved significant milestones in the drone delivery industry, being the first to conduct an FAA-approved drone delivery, the first to perform a fully autonomous delivery to a home, and the first to launch a commercial drone delivery service.
Wantu
Series A in 2014
Wantu is a travel service platform that focuses on serving outbound travel of China's free travel users. It provides a full range of services before, during, and after the free travel for outbound travel from airline hotel booking, itinerary project experience booking, to overseas merchant mobile payment network coverage, and after the end consumption. It was established in 2014.
Zaozuo
Series A in 2014
Zaozuo is a Chinese company that specializes in the design and manufacture of modern furniture products. Its offerings include a range of items such as mattresses, minimalist beds, and smart electric beds. In addition to furniture, Zaozuo provides log wall hanging boxes and facilitates online shopping and delivery services, enhancing the overall customer experience. The company aims to improve the creativity and quality of household furniture, catering to a diverse clientele looking for contemporary design solutions.
Xiaohongshu
Series A in 2014
Xiaohongshu, founded in 2013 and based in Shanghai, China, is a lifestyle sharing platform that allows users to share experiences through text, images, and videos. Initially aimed at assisting overseas travelers with shopping, it has transformed into a vibrant community focused on various lifestyle areas, including cosmetics, fashion, food, travel, entertainment, reading, fitness, and childcare. The platform serves as a social e-commerce space where users can post their favorite products, share shopping experiences, and discover global merchandise, particularly in luxury and beauty sectors. By fostering user-generated content, Xiaohongshu encourages a collaborative environment for lifestyle enthusiasts to exchange insights and recommendations.
Meicai
Seed Round in 2014
Meicai is an online platform that connects farmers directly with restaurants and businesses, facilitating the sale of agricultural products. By eliminating intermediaries, Meicai allows customers to order fresh produce directly from farms, thereby streamlining the supply chain. The company aims to transform agriculture and improve the livelihoods of farmers by leveraging the Internet to create a more efficient marketplace for fresh food. Through its innovative approach, Meicai seeks to enhance the accessibility of high-quality agricultural products while supporting rural economies.
miBaby
Series B in 2014
miBaby GmbH is an online portal based in Munich, Germany, that assists parents in purchasing products for infants and toddlers. Established in April 2010, the company caters to expectant and new parents by offering a diverse range of baby products. In addition to its shopping platform, miBaby publishes a magazine that features information about these products, along with tips from midwives and user advice, thereby providing a comprehensive resource for families navigating the early stages of parenthood.
Xiaohongshu
Series A in 2014
Xiaohongshu, founded in 2013 and based in Shanghai, China, is a lifestyle sharing platform that allows users to share experiences through text, images, and videos. Initially aimed at assisting overseas travelers with shopping, it has transformed into a vibrant community focused on various lifestyle areas, including cosmetics, fashion, food, travel, entertainment, reading, fitness, and childcare. The platform serves as a social e-commerce space where users can post their favorite products, share shopping experiences, and discover global merchandise, particularly in luxury and beauty sectors. By fostering user-generated content, Xiaohongshu encourages a collaborative environment for lifestyle enthusiasts to exchange insights and recommendations.
Meicai
Seed Round in 2014
Meicai is an online platform that connects farmers directly with restaurants and businesses, facilitating the sale of agricultural products. By eliminating intermediaries, Meicai allows customers to order fresh produce directly from farms, thereby streamlining the supply chain. The company aims to transform agriculture and improve the livelihoods of farmers by leveraging the Internet to create a more efficient marketplace for fresh food. Through its innovative approach, Meicai seeks to enhance the accessibility of high-quality agricultural products while supporting rural economies.
Artsy
Series B in 2014
Artsy is the largest online art marketplace, offering access to over one million artworks from both iconic and emerging artists. The platform collaborates with leading museums, galleries, auction houses, and art fairs to create a comprehensive space for buying and selling art. By connecting users to a global audience, Artsy not only facilitates the discovery and collection of art but also supports artists and promotes art appreciation worldwide. Additionally, the company manages online art publications, further enhancing its role in the art community.
Meiaoju
Series A in 2014
Meiaoju is an online platform dedicated to facilitating overseas real estate investments, specifically targeting properties in the United States and Australia. The company serves as an e-commerce portal that connects real estate developers with Chinese middle-class buyers interested in purchasing properties for investment or relocation purposes. By offering professional market analysis and comprehensive support throughout the purchasing process, Meiaoju helps clients navigate investment decisions and transaction procedures effectively. Through its online marketplace, Meiaoju aims to enable both buyers and sellers to make informed and profitable choices in the competitive overseas real estate market.
miBaby
Seed Round in 2014
miBaby GmbH is an online portal based in Munich, Germany, that assists parents in purchasing products for infants and toddlers. Established in April 2010, the company caters to expectant and new parents by offering a diverse range of baby products. In addition to its shopping platform, miBaby publishes a magazine that features information about these products, along with tips from midwives and user advice, thereby providing a comprehensive resource for families navigating the early stages of parenthood.
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