Alibaba Group is the largest online and mobile commerce company globally, primarily known for its extensive e-commerce platforms that connect buyers and sellers. It operates notable marketplaces in China, including Taobao, which focuses on consumer-to-consumer transactions, and Tmall, which caters to business-to-consumer interactions. The company's core business lies in its China commerce retail division, which is a significant source of cash flow. In addition to retail and wholesale transactions, Alibaba also generates revenue from various sectors, including international commerce, local consumer services, cloud computing, digital media and entertainment, and logistics through its Cainiao network. Alibaba's diverse portfolio positions it as a key player across multiple industries, including retail, logistics, and technology.
Yuanluo Technology is committed to providing innovative robotic solutions across multiple industries, including health, logistics, and service sectors.
Robot Era
Venture Round in 2025
Robot Era is an emerging technology company focused on the development of humanoid robots that integrate artificial intelligence into everyday life. The business aims to create versatile, intelligent robots capable of adapting to various fields and scenarios. By leveraging advanced AI technologies, Robot Era seeks to enhance consumer experiences and promote the adoption of humanoid robots in homes. The company's vision is to make intelligent robots accessible to a broad audience, integrating them seamlessly into daily activities and enriching lives.
Zhipu AI
Venture Round in 2024
Zhipu AI is a data company focused on developing an AI-based large model platform that offers API services tailored to various customer needs. The company provides a range of smart application products, including the scientific and technological information analysis engine "AMiner" and AI cognitive engines such as CodeGeeX and CogView. These tools are designed to help users automate and optimize digital tasks, thereby reducing the required manual labor. Zhipu AI's advanced applications are built on its General Language Model (GLM) series, capable of handling tasks in both Chinese and English, making its offerings versatile and applicable across different linguistic contexts.
Ably
Corporate Round in 2024
Ably Corporation operates a fashion platform that enables customers to buy and sell products among themselves. The platform features a forum where influencers and celebrities can establish online stores to showcase and sell their products. This model allows users to stay informed about the latest fashion trends and purchase clothing items similar to those worn by their favorite public figures. Ably aims to create a community-driven marketplace that connects consumers with the fashion choices of influential personalities.
Robot Era
Seed Round in 2024
Robot Era is an emerging technology company focused on the development of humanoid robots that integrate artificial intelligence into everyday life. The business aims to create versatile, intelligent robots capable of adapting to various fields and scenarios. By leveraging advanced AI technologies, Robot Era seeks to enhance consumer experiences and promote the adoption of humanoid robots in homes. The company's vision is to make intelligent robots accessible to a broad audience, integrating them seamlessly into daily activities and enriching lives.
Connectly.ai
Series B in 2024
Connectly.ai is a conversational commerce company that focuses on simplifying how small and medium-sized businesses harness their customer messages to transform connections into revenue. Its business solution drives sales for message-first SMBs by running all stages of the customer support and marketing funnel, enabling campaign activation and retargeting, and removing the friction from message-driven sales by treating customers like people, not tickets.
Zhipu AI
Series D in 2024
Zhipu AI is a data company focused on developing an AI-based large model platform that offers API services tailored to various customer needs. The company provides a range of smart application products, including the scientific and technological information analysis engine "AMiner" and AI cognitive engines such as CodeGeeX and CogView. These tools are designed to help users automate and optimize digital tasks, thereby reducing the required manual labor. Zhipu AI's advanced applications are built on its General Language Model (GLM) series, capable of handling tasks in both Chinese and English, making its offerings versatile and applicable across different linguistic contexts.
Moonshot AI
Series B in 2024
Moonshot AI is a developer and provider of artificial intelligence models focused on advancing the field of artificial general intelligence (AGI). The company aims to transform energy into intelligence and facilitate the generation of intelligence through its innovative product offerings. The founding team has a strong background in research and development, having contributed to notable AI models such as Google Gemini and Google Bard. By concentrating on the creation of generative artificial intelligence models, Moonshot AI seeks to deliver significant value to the industry.
Intelligent Learning
Series B in 2024
Intelligent Learning is an artificial intelligence and robotics company that specializes in developing an AI-based learning platform. This platform is designed to provide predictions regarding exam coverage and aims to enhance students' educational experiences outside of traditional school settings. By offering innovative learning resources, Intelligent Learning seeks to improve learning outcomes for students, making educational support more accessible and effective.
Lazada
Corporate Round in 2024
Lazada Group is a prominent online shopping and selling platform operating across Southeast Asia, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The company connects over 100,000 local and international sellers, along with 2,500 brands, to a consumer base of approximately 560 million people in the region. Lazada's marketplace platform is designed to enhance the shopping experience by providing tailored marketing, data analytics, and service solutions for its partners. It is supported by a robust logistics network, which includes both first- and last-mile delivery services, ensuring efficient order fulfillment and customer satisfaction.
Changpei Literature
Corporate Round in 2024
Changpei Literature Network optimizes literary content and copyright sales, focusing on outstanding authors. With hundreds of works, it offers scientific author training and promotes works across various channels, integrating writing, reading, and copyright operations.
MiniMax
Series B in 2024
Founded in December 2021, MiniMax has been dedicated to the development of large-scale AI models from its inception. Its focus on cutting-edge research and practical applications has established it as a leader in the field. In April 2023, MiniMax launched its API platform, enabling enterprises to access large language model capabilities. By June, it introduced Talkie, an AI-native character community application aimed at international markets. November 2023 saw the release of MiniMax’s speech large model, further expanding its multimodal capabilities. In April 2024, MiniMax debuted the abab6.5 series, featuring a trillion-parameter MoE architecture, alongside the launch of the Hailuo AI App. September 2024 marked the release of Hailuo AI Video, empowering creators with AI-driven video tools. In November, MiniMax unveiled the abab7-preview model, pushing the boundaries of AI in text, mathematics, and multimedia processing. Today, MiniMax’s models handle 3 billion daily interactions, process over 3 trillion tokens, generate 20 million images, and produce 70,000 hours of speech every day, demonstrating its profound impact on global AI innovation.
Moonshot AI
Series B in 2024
Moonshot AI is a developer and provider of artificial intelligence models focused on advancing the field of artificial general intelligence (AGI). The company aims to transform energy into intelligence and facilitate the generation of intelligence through its innovative product offerings. The founding team has a strong background in research and development, having contributed to notable AI models such as Google Gemini and Google Bard. By concentrating on the creation of generative artificial intelligence models, Moonshot AI seeks to deliver significant value to the industry.
XReal Technology
Venture Round in 2024
Xreal is a developer of mixed reality technology based in Beijing, China, founded in 2017. The company specializes in creating lightweight mixed reality glasses, with its flagship product, Nreal Light, designed for comfort and vivid display quality. These glasses utilize advanced spatial computing algorithms and environment-understanding AI to deliver an immersive user experience. Xreal aims to make mixed reality technology accessible to a broader audience, while also empowering developers to create innovative applications that enhance entertainment and productivity. Through its products and initiatives, Xreal seeks to unlock the full potential of mixed reality in everyday life.
Lazada
Corporate Round in 2023
Lazada Group is a prominent online shopping and selling platform operating across Southeast Asia, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The company connects over 100,000 local and international sellers, along with 2,500 brands, to a consumer base of approximately 560 million people in the region. Lazada's marketplace platform is designed to enhance the shopping experience by providing tailored marketing, data analytics, and service solutions for its partners. It is supported by a robust logistics network, which includes both first- and last-mile delivery services, ensuring efficient order fulfillment and customer satisfaction.
11Street
Acquisition in 2023
11Street is an online marketplace that offers a diverse range of products, including clothing, beauty items, sports equipment, groceries, household goods, and electronics. The platform is designed to enhance the shopping experience for both customers and sellers by providing a fast and convenient global shopping portal. Through its extensive selection of brand fashion and accessories, 11Street aims to cater to the varied needs of consumers while facilitating seamless transactions between buyers and sellers.
Baichuan Intelligence
Series A in 2023
Baichuan Intelligence develops general artificial intelligence services to build large model bases. The company's mission is to create a Chinese version of the OpenAI basic model and disruptive upper-level applications and enhance language AI in search, multi-modal, education, medical, and other aspects.
Lazada
Corporate Round in 2023
Lazada Group is a prominent online shopping and selling platform operating across Southeast Asia, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The company connects over 100,000 local and international sellers, along with 2,500 brands, to a consumer base of approximately 560 million people in the region. Lazada's marketplace platform is designed to enhance the shopping experience by providing tailored marketing, data analytics, and service solutions for its partners. It is supported by a robust logistics network, which includes both first- and last-mile delivery services, ensuring efficient order fulfillment and customer satisfaction.
Hengyu Medical
Series C in 2023
Hengyu Medical is a medical device firm focused on R&D and production of IVUS and optical coherence tomography, and catheter equipment.
Lazada
Corporate Round in 2023
Lazada Group is a prominent online shopping and selling platform operating across Southeast Asia, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The company connects over 100,000 local and international sellers, along with 2,500 brands, to a consumer base of approximately 560 million people in the region. Lazada's marketplace platform is designed to enhance the shopping experience by providing tailored marketing, data analytics, and service solutions for its partners. It is supported by a robust logistics network, which includes both first- and last-mile delivery services, ensuring efficient order fulfillment and customer satisfaction.
Mirauge3D
Series A in 2023
Mirauge3D is a fully automatic, efficient, 2D and 3D integrated image intelligent modeling system. They offer software that supports multi-core parallel processing architectures and GPU cluster computing.
Jiecheng New Energy
Series B in 2023
Jiecheng New Energy specializes in the recycling and procurement of decommissioned power batteries from new energy vehicles, as well as lithium battery-related waste materials. The company offers a range of services including storage, transportation, cascade utilization, dismantling, regeneration, metallurgy, and refining. By focusing on comprehensive recycling solutions for retired electric vehicle batteries, Jiecheng New Energy aims to contribute to global carbon neutrality goals and promote sustainable practices within the industry.
Mol Breeding
Series A in 2023
Molbreeding is a biotechnology company specializing in molecular breeding technology for both animals and plants. It offers advanced genotyping solutions aimed at enhancing breeding processes. The firm emphasizes research and development in this field, utilizing proprietary technologies such as GenoPlexs and GenoBaits. These innovations provide customers with high capture efficiency, extensive coverage, and adaptable sample options, all while maintaining cost-effective custom services. Molbreeding's focus on molecular breeding positions it as a key player in the advancement of agricultural biotechnology.
UniUni
Series A in 2023
UniUni is a developer of a B2B delivery services platform focused on enhancing shipping solutions for the e-commerce and logistics sectors. The company utilizes innovative technology to automate the package sorting process and facilitate efficient last-mile delivery. By providing reliable, cost-effective, and flexible services, UniUni enables e-commerce businesses to thrive by ensuring that products are safely delivered directly to consumers' doorsteps. Its approach positions UniUni as a key player in the evolving landscape of delivery services in North America.
Lazada
Corporate Round in 2022
Lazada Group is a prominent online shopping and selling platform operating across Southeast Asia, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The company connects over 100,000 local and international sellers, along with 2,500 brands, to a consumer base of approximately 560 million people in the region. Lazada's marketplace platform is designed to enhance the shopping experience by providing tailored marketing, data analytics, and service solutions for its partners. It is supported by a robust logistics network, which includes both first- and last-mile delivery services, ensuring efficient order fulfillment and customer satisfaction.
Yahaha
Series A in 2022
Yahaha is a platform that enables users to create and engage with 3D content, particularly within the realm of metaverse gaming. It offers a user-friendly environment where individuals, regardless of their experience level, can design and publish their own games and interactive content without the need for coding skills. The platform features simple tools and templates that make 3D creation accessible to a wide audience. Yahaha encourages a collaborative community where creators can share their work and experiences, fostering creativity and social interaction. By lowering the barriers to entry for 3D content creation, Yahaha aims to transform how users play, create, and connect in immersive digital environments.
Suihuan Technology
Series A in 2022
Suihuan Technology is a cutting-edge immersive and interactive 3D content service platform. It uses its own virtual live broadcast software, an intelligent engine for creating 3D digital content, mass content full-stack technology, and product services.
OptoMedic
Venture Round in 2022
OptoMedic specializes in the research, development, and production of advanced optical medical devices and systems. The company focuses on creating medical fluorescence navigation endoscopes that utilize aerospace and military optical technology for applications in healthcare. Its product offerings include endoscopic monitoring equipment, cancer screening tools, endoscopic navigation systems, and fluorescent imaging systems. These innovations enable medical institutions and healthcare providers to effectively observe and assess patient conditions, enhancing diagnostic capabilities and treatment outcomes.
Lazada
Corporate Round in 2022
Lazada Group is a prominent online shopping and selling platform operating across Southeast Asia, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The company connects over 100,000 local and international sellers, along with 2,500 brands, to a consumer base of approximately 560 million people in the region. Lazada's marketplace platform is designed to enhance the shopping experience by providing tailored marketing, data analytics, and service solutions for its partners. It is supported by a robust logistics network, which includes both first- and last-mile delivery services, ensuring efficient order fulfillment and customer satisfaction.
Cabana
Series A in 2022
Cabana is a new home furnishings retail brand focusing on global design furniture. Cabana offers modern design furniture, lamps, and lifestyle brand products. Cabana provides a variety of products and exclusive services for new consumers.
Bitmark
Series B in 2022
Bitmark Inc. develops a property system for the digital environment, utilizing specialized blockchain technology to transform personal data into property that can be sold, licensed, and transferred directly between users. Founded in 2014 and headquartered in Taipei, Taiwan, with additional offices in Cupertino, California; Reykjavík, Iceland; and Đà Nẵng, Vietnam, Bitmark's system allows individuals to establish ownership claims for their data, similar to land registrars for real estate. The company aims to restore trust in data by providing an end-to-end Internet protocol that secures data provenance, enabling verifiable information and digital property rights. This approach facilitates the safe sharing of personal data without relying on trusted third parties. Bitmark's solutions are utilized in various sectors, including healthcare, music, and art, by organizations such as UC Berkeley, Pfizer, and KKBOX.
Lazada
Secondary Market in 2022
Lazada Group is a prominent online shopping and selling platform operating across Southeast Asia, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The company connects over 100,000 local and international sellers, along with 2,500 brands, to a consumer base of approximately 560 million people in the region. Lazada's marketplace platform is designed to enhance the shopping experience by providing tailored marketing, data analytics, and service solutions for its partners. It is supported by a robust logistics network, which includes both first- and last-mile delivery services, ensuring efficient order fulfillment and customer satisfaction.
XReal Technology
Series C in 2022
Xreal is a developer of mixed reality technology based in Beijing, China, founded in 2017. The company specializes in creating lightweight mixed reality glasses, with its flagship product, Nreal Light, designed for comfort and vivid display quality. These glasses utilize advanced spatial computing algorithms and environment-understanding AI to deliver an immersive user experience. Xreal aims to make mixed reality technology accessible to a broader audience, while also empowering developers to create innovative applications that enhance entertainment and productivity. Through its products and initiatives, Xreal seeks to unlock the full potential of mixed reality in everyday life.
FAIR
Series B in 2022
FAIR is a collaborative robot company that has research and development and manufacturing capabilities for robot core components and complete machine systems such as robot controllers, precision reducers, and servo systems.
Jida Transportation
Venture Round in 2022
Jida Traffic is a technology company in the field of traffic simulation. Its main product is the domestic TESS NG micro traffic simulation software. The company is committed to leading the technological development and engineering value application of the micro-traffic simulation industry.
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.
CARS24
Series G in 2021
CARS24 Services Pvt. Ltd. is a company based in Gurugram, India, that specializes in buying and selling used cars through a network of channel partners across various cities. Founded in 2015, the company aims to transform the used car market by providing a tech-enabled marketplace that ensures an efficient and reliable selling experience for car owners. CARS24 employs an AI-enabled pricing algorithm to offer accurate market and appraisal prices, enhancing transparency in transactions. Additionally, the company provides car inspection and valuation services, facilitating secure sales for customers. CARS24 also operates a financial services division that offers vehicle lending products to enhance customer financing options.
Vastai Technologies
Series B in 2021
Vastai Technologies specializes in the development of semiconductor chips tailored for computer vision, video processing, and various artificial intelligence applications. The company's innovative products are designed to enhance computing power for AI visual tasks, allowing manufacturers of computer devices to integrate advanced chip technology into their offerings. By focusing on the optimization of AI capabilities, Vastai Technologies aims to support the growing demand for efficient and powerful processing solutions in the tech industry.
T11 Food Market
Series B in 2021
T11 Food Market operates a retail supermarket that focuses on providing fresh groceries through both an online platform and physical stores. The company utilizes smart retail technology to enhance its supply chain operations, ensuring that customers receive high-quality, fresh products. This approach not only emphasizes food safety but also promotes efficiency in the shopping experience, catering to the needs of consumers seeking reliable grocery options.
Figorr
Grant in 2021
Figorr is a provider of cold chain solutions that specializes in temperature-controlled products and monitoring systems. The company focuses on addressing the unique challenges faced by various markets it serves. Its enterprise software is designed for real-time monitoring and tracking of temperature-sensitive items, offering clients critical information regarding temperature, humidity, and location. Additionally, the software generates automated reports at predetermined intervals, summarizing cold storage performance and delivering both qualitative and quantitative insights on customer deliveries. This comprehensive approach enables Figorr to enhance the efficiency and effectiveness of cold chain management for its clients.
Enda Athletic
Grant in 2021
Enda Athletic is a Kenyan sports shoe brand that specializes in producing footwear suitable for both athletic and casual use. Founded in 2015 by Navalayo Osembo and Weldon Kennedy, the company aims to share the legacy of Kenyan running excellence with a global audience. By drawing inspiration from the world’s greatest runners in Kenya, Enda seeks to establish itself as a prominent institution in the sports footwear industry. The brand operates out of Nairobi, Kenya, and is dedicated to promoting the country's rich athletic heritage through its products.
Publiseer
Grant in 2021
Publiseer is a free book and music publishing platform for Nigerian authors and artists.
Aptech Africa
Grant in 2021
Aptech Africa provides solar panel installation services. They offer services that include energy storage technology, solar water heaters, solar street lights, borehole drilling, water pumping and distribution, water treatment, irrigation, power transmission, substation maintenance, and power distribution.
PraxiLabs
Grant in 2021
PraxiLabs is an e-learning company founded in 2016 and headquartered in Al Qahirah, Egypt. It specializes in developing 3D virtual lab software that provides accessible and affordable science education through interactive simulations. The company's product allows students to conduct experiments in physics, chemistry, and biology, thereby enhancing their understanding of these subjects. By focusing on creating low-immersion virtual reality labs, PraxiLabs aims to offer equal opportunities for STEM education, ensuring that educational institutions and students can benefit from innovative learning tools. The company is continuously evolving its offerings through a dedicated team of programmers and education specialists who recognize the critical role of experimentation in science education.
IRIBA Water Group
Grant in 2021
IRIBA Water Group is a social enterprise offering water solutions to communities, institutions, homes, and individuals. They install eco-friendly water ATMs and kiosks for public drinking water points in urban and peri-urban low-income communities.
Releaf
Grant in 2021
Releaf is a Nigerian company founded in 2017 that operates as an online marketplace connecting agribusiness buyers and sellers. It focuses on sourcing ingredients for African food factories, including cassava, palm oil, ginger, and maize, among others. Releaf aims to create climate-adaptive supply chains in response to the continent's growing population. The firm provides extension services to smallholder farmers, acting as a buyer and streamlining the conversion of raw materials into factory-grade inputs for vegetable oil production. By leveraging digital technologies such as USSD and open banking, along with proprietary machinery, Releaf collaborates with over 2,000 smallholder farmers, facilitating the supply of high-quality palm kernel nuts to food factories. This approach not only enhances operational efficiency for food manufacturers but also supports the economic development of small agricultural startups.
Sandbox VR
Series B in 2021
Sandbox VR, Inc., founded in 2016 and based in Los Angeles, California, specializes in providing premium virtual reality gaming experiences. The company utilizes advanced technologies such as full-body motion capture and virtual reality to create fully immersive environments that allow users to engage in social multiplayer games. By combining real-time motion capture with VR, Sandbox VR offers a unique and engaging experience that transports players into interactive storylines, making it one of the leading providers of immersive virtual reality entertainment. Additionally, Sandbox VR has expanded its presence to locations in the Bay Area and Hong Kong, further establishing itself in the global VR market.
Hello TransTech
Venture Round in 2021
Hellobike develops and provides a bike sharing mobile application. Its application promotes the development of the shared bicycle segment market through the cooperation with the traditional car rental businesses and scenic spot supervision agencies of the tourist attractions. Han Mei founded Hellobike in 2016 as Shanghai Junzheng Network Technology. Its headquarters is in Shanghai in China.
Xiaohongshu
Series E in 2021
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.
DGene
Series A in 2021
DGene is a provider of virtual and augmented reality solutions, focusing on a diverse range of applications across various industries. Its technology is utilized in digital entertainment, real estate, education, healthcare, and tourism. DGene leverages artificial intelligence and emerging technologies to enhance content creation, offering innovative solutions such as AI actors, virtual production, visual effects, and digital influencers. The company also specializes in real-time holograms and 3D reconstruction, catering to the evolving needs of e-commerce, cinema, and broadcasting sectors. Through its advancements, DGene aims to transform how users interact with and experience digital environments.
Guangzhou Creative Biosciences
Series D in 2021
Creative Biosciences is a biomedical technology company focused on developing and producing diagnostic products for tumor screening, particularly in the realm of colorectal cancer. The company specializes in fecal DNA detection technology, providing non-invasive screening kits that allow medical practitioners to accurately identify genetic abnormalities in fecal samples. These diagnostic tools are designed to aid in the early detection of intestinal cancer lesions, thereby supporting healthcare professionals and researchers in their efforts to improve cancer treatment outcomes. Through its innovative approach, Creative Biosciences aims to enhance cancer screening processes and contribute to better patient care.
Glenfly
Seed Round in 2021
Glenfly is a provider of GPU graphics and image solutions, specializing in integrated software and hardware for graphics processing units and AMOLED display technologies. The company focuses on delivering high-performance independent display chips and GPU design services for various display products, including smartphones, tablets, smartwatches, laptops, and desktop monitors. Glenfly aims to enhance user experiences through its advanced display technologies and innovative solutions in the graphics processing sector.
Matridx
Funding Round in 2021
Matridx is a company based in Hangzhou, China, specializing in the development, production, and sales of molecular diagnostic products aimed at infectious diseases. The company offers PDC-Seq, a technology that enables high-throughput sequencing of nucleic acids from samples collected from infected patients. Matridx utilizes advanced molecular technologies, including gene editing techniques and high-throughput sequencing, to create reliable genetic testing solutions. The company's focus is on simplifying, accelerating, and enhancing the diagnostic process for infectious pathogens, ultimately supporting major medical companies in their diagnostic efforts.
Ninja Van
Series E in 2021
Ninja Van is a logistics startup focused on providing efficient last-mile delivery services across Southeast Asia. The company leverages advanced technology and strategic partnerships to address the complexities of package delivery, offering businesses of all sizes a streamlined solution. Its user-friendly platform allows clients to monitor deliveries in real time and stay informed through email and SMS notifications. This approach ensures that customers can create delivery orders easily while receiving updates that promise faster and more reliable service.
Carzone
Series D in 2021
Jiangsu Kangzhong Shiye Investment operates a retail chain, Carzone, that deals in and retails automotive post-market parts. The company was founded in 1995 and is based in Nanjing, China.
Deeproute
Series B in 2021
DeepRoute.ai focuses on creating autonomous driving solutions that enhance safety and reliability in transportation. The company offers products like Driver 3.0, which enables point-to-point navigation without high-definition maps, and has accumulated over 15 million kilometers of road testing with zero accidents.
AliExpress Russia JV
Funding Round in 2021
AliExpress Russia is a prominent e-commerce platform that facilitates cross-border and domestic online shopping in Russia. It provides an online marketplace where consumers can buy and sell a diverse range of products. The platform is designed to enhance the e-commerce infrastructure in the region, catering to the needs of both local and international sellers. With its user-friendly interface and extensive product offerings, AliExpress Russia aims to connect buyers and sellers effectively, contributing to the growth of online retail in the country.
Banma Network
Corporate Round in 2021
Banma Network Technologies is a global platform focused on providing innovative solutions for the automotive and transportation sectors. The company specializes in developing smart car operating systems and digital transportation services, aiming to enhance the connectivity between vehicles and cloud technology. By opening its AliOS in-car operating system to developers and car manufacturers, Banma seeks to facilitate the integration of connected car features, ultimately improving the overall user experience in smart mobility. Through its efforts, Banma Network is positioned to play a significant role in transforming the future of transportation.
GOGOX
Venture Round in 2021
GoGoX, established in 2013, is a pioneering app-based platform for intra-city logistics services in Asia, providing innovative and efficient delivery solutions. The company connects individuals and businesses with a network of thousands of drivers, facilitating real-time delivery needs and enhancing the overall delivery experience. Initially based in Hong Kong, GoGoX has expanded its operations to several countries including Singapore, South Korea, Mainland China, Taiwan, and India. The merger with 58 Suyun in 2017 significantly broadened its reach, allowing it to operate in over 300 cities and connect more than 8 million registered drivers. Offering a digital service that enables instant matching and real-time tracking, GoGoX caters to both business and individual users, ensuring a convenient delivery experience while providing drivers with valuable business opportunities.
Sichuan Yunling Zhicheng Information Technology
Corporate Round in 2021
Sichuan Yunling Zhicheng Information Technology is an artificial intelligence public data platform.
The CrownX
Private Equity Round in 2021
The Crown X is an integrated consumer-retail platform.
Trendyol
Corporate Round in 2021
Trendyol is a leading e-commerce platform based in Istanbul, Turkey, specializing in retailing a diverse range of products including fashion items for women, men, and children, as well as shoes, bags, accessories, cosmetics, and home decor. Established in 2010, Trendyol has grown to become the largest internet employer in Turkey, employing approximately 2,000 people. The company focuses on providing a seamless shopping experience powered by technology, allowing customers to purchase what they want at their convenience. In 2018, Trendyol formed a strategic partnership with Alibaba Group, marking the largest investment in Turkey's internet sector to date. With its extensive product offerings and commitment to customer satisfaction, Trendyol serves as a central hub for online shopping in Turkey and the MENA region.
Leyan Technologies
Series C in 2021
Leyan Technologies is an artificial intelligence company founded in April 2016 and headquartered in Shanghai, China. Specializing in software as a service (SAAS), Leyan develops an AI technology platform that offers digital solutions primarily for the robotics industry. The company's innovations are applied in various sectors, including e-commerce customer service, financial consulting, and medical consultation. By focusing on enhancing human-computer interaction, Leyan Technologies aims to improve customer experiences through intelligent customer service robots and tailored AI applications.
Zuoyebang
Series E in 2020
Zuoyebang is an online education startup based in Beijing, China, founded in 2014 by Hou Jianbin. The company focuses on providing educational products and services for primary and high school students, utilizing artificial intelligence to enhance learning experiences. Its platform allows students to upload homework questions and seek answers, making it easier for them to tackle study-related challenges. In addition to homework assistance, Zuoyebang offers online courses, live lessons, and evaluations for students from kindergarten through 12th grade. The company has gained significant backing from prominent investors, including Baidu, Alibaba Group, Tiger Global Management, SoftBank Vision Fund, Sequoia Capital China, and FountainVest Partners.
Saic Mobility
Series A in 2020
SAIC Mobility, founded in 2018 and based in Shanghai, China, operates as a comprehensive mobility service provider. The company specializes in online car-hailing services, which include features such as airport pickup, personal online car rentals, corporate travel solutions, and taxi services. By offering a range of customizable travel options, SAIC Mobility aims to deliver convenient and efficient transportation experiences for both individual and corporate clients.
Nice Tuan
Series C in 2020
Nice Tuan is an e-commerce platform that specializes in providing fresh produce, beverages, leisure food, and daily supplies. The company operates a community-focused model, partnering with local residential communities to source products from nearby warehouses and producers. This approach allows Nice Tuan to offer a wide range of daily groceries and household items to residents, aiming to create an efficient and convenient shopping experience. By emphasizing local sourcing and community engagement, Nice Tuan seeks to establish a robust e-commerce ecosystem tailored to the needs of its customers.
Guance Cloud
Series C in 2020
Guance Cloud offers a full-stack observability platform for cloud-based workflows. We bring together end-to-end traces, metrics, and logs to make your applications, infrastructure, and third-party services entirely observable. These capabilities help businesses secure their systems, avoid downtime, and ensure customers are getting the best user experience.
Farfetch
Corporate Round in 2020
Farfetch is an online platform established in 2008 that connects buyers and sellers in the luxury fashion sector. It collaborates with over 1,000 independent boutiques and luxury brands, offering a diverse range of products, including clothing, accessories, and footwear. The company operates a comprehensive e-commerce website that enables these retailers to showcase their inventories to nearly a million active customers. Farfetch's technology infrastructure is designed to facilitate the luxury fashion ecosystem, featuring an API-enabled proprietary technology stack that supports applications, services, and data management. The platform also includes the Browns stores and the New Guard Group, enhancing its retail capabilities. Farfetch generates revenue by charging a commission on sales made through its marketplace, typically exceeding 30%.
Farfetch
Convertible Note in 2020
Farfetch is an online platform established in 2008 that connects buyers and sellers in the luxury fashion sector. It collaborates with over 1,000 independent boutiques and luxury brands, offering a diverse range of products, including clothing, accessories, and footwear. The company operates a comprehensive e-commerce website that enables these retailers to showcase their inventories to nearly a million active customers. Farfetch's technology infrastructure is designed to facilitate the luxury fashion ecosystem, featuring an API-enabled proprietary technology stack that supports applications, services, and data management. The platform also includes the Browns stores and the New Guard Group, enhancing its retail capabilities. Farfetch generates revenue by charging a commission on sales made through its marketplace, typically exceeding 30%.
Avolta
Post in 2020
Aovolta is a global travel retailer specializing in duty-free shopping for captive audiences, predominantly at airports. With over 80% of its revenue derived from airport locations, it operates as the world's largest duty-free shop operator and leader in travel retail. Its primary markets are Europe and the Americas, with Asia contributing a smaller portion of its business.
Sun Art Retail Group
Acquisition in 2020
Sun Art Retail Group Limited is a prominent retail company in China that specializes in hypermarkets and e-commerce platforms. Operating under the well-known brands RT-Mart and Auchan, the company has established a substantial presence with 486 outlets across 232 cities and a total gross floor area of approximately 13 million square meters as of December 2019. Founded in 1998 and headquartered in Wan Chai, Hong Kong, Sun Art focuses on enhancing its hypermarket complexes and exploring multi-format and omni-channel retail strategies. The company's commitment to digital transformation aims to position it as a leader in the evolving retail landscape. Sun Art Retail Group is a subsidiary of Taobao China Holding Limited.
STO Express
Post in 2020
STO Express is a leading player in China's express delivery sector, recognized as one of the top four national companies operating under a network partner model. Established in 1993, the company focuses on traditional express delivery while expanding into the e-commerce sector. It offers a comprehensive service framework that includes line-haul transportation, sorting, and waybill services, with local network partners handling first-mile pickup and last-mile delivery. This model allows STO Express to enhance its operational efficiency and maintain a strong brand presence. The company emphasizes strict quality management and innovative service offerings, which have contributed to the overall growth and development of the express delivery industry in China. The leadership of STO Express includes chair and general manager Chen Dejun, with significant stakes held by family members of the founder. Additionally, Cainiao Smart Logistics Network serves as a strategic shareholder, further bolstering STO's capabilities in logistics and technology.
YTO Express
Post in 2020
Shanghai YTO Express (Logistics) Co., Ltd. is a prominent private express delivery enterprise in China, recognized for its commitment to enhancing the country's express services. Founded in 2020 by Yu Huijiao, who retains a significant stake, the company operates as one of the top four national express delivery companies in China under the Tongda model. This model involves a network partnership where YTO provides line-haul transportation, sorting, and waybill services, while local network partners manage first-mile pickup and last-mile delivery. YTO Express aims to establish itself as an iconic brand within the sector, positioning itself as the preferred choice for Chinese consumers. The company plays an influential role in the industry, serving as a Vice-president Unit of both the China Express Association and the Shanghai Express Trade Association.
XiaoMan Technology
Series D in 2020
Xiaoman Technology, established in 2013 and based in Shenzhen, China, specializes in providing foreign trade solutions that leverage big data and artificial intelligence. The company develops SaaS-based business management services that encompass customer relationship management, marketing, sales management, and other core business functions. Its offerings are designed to be flexible and compatible, catering to the standardization needs of small and micro enterprises while also addressing the customization requirements of larger organizations. By focusing on comprehensive customer-oriented research and development, as well as effective sales, marketing, and service strategies, Xiaoman Technology aims to enhance customer service, improve sales productivity, and help businesses expand their international operations.
XiaoMan Technology
Acquisition in 2020
Xiaoman Technology, established in 2013 and based in Shenzhen, China, specializes in providing foreign trade solutions that leverage big data and artificial intelligence. The company develops SaaS-based business management services that encompass customer relationship management, marketing, sales management, and other core business functions. Its offerings are designed to be flexible and compatible, catering to the standardization needs of small and micro enterprises while also addressing the customization requirements of larger organizations. By focusing on comprehensive customer-oriented research and development, as well as effective sales, marketing, and service strategies, Xiaoman Technology aims to enhance customer service, improve sales productivity, and help businesses expand their international operations.
Beijing Helijia Information Technology
Venture Round in 2020
Beijing Helijia Information Technology Co., Ltd. is a Chinese company that specializes in beauty, hair, and nail services, operating through a mobile application for convenient customer bookings. Founded in 2014 and based in Beijing, Helijia offers a diverse range of services, including hairdressing, eyelashes, hand and foot care, make-up styling, and body shaping. The platform also features on-demand manicure services, allowing users to select manicurists or combinations based on their location. By eliminating the overhead costs associated with physical stores, Helijia provides competitive pricing. The company employs a merit-based rating system for its service providers, encouraging high-quality performance and customer satisfaction. Additionally, Helijia offers various skincare products, including a range of hyaluronic acid items aimed at moisturizing and anti-aging benefits.
Alog
Acquisition in 2020
Alog Technology Logistics Co., Ltd., based in Hangzhou, China, is a prominent third-party logistics service provider specializing in e-commerce. Founded in 2004, the company offers outsourced warehouse management and comprehensive supply chain solutions tailored for major e-commerce businesses. With a robust network of 88 regional distribution centers, Alog's services span over 350 cities, supported by a global supply chain network that encompasses more than 2 million square meters of storage area. The firm boasts a peak order processing capacity of 40 million items daily, positioning itself as a leader in intelligent warehouse distribution within the big data landscape. Through its innovative logistics solutions, Alog effectively caters to the demands of the vast consumer market.
Xpeng Motors
Series C in 2020
Xpeng Motors is a Chinese electric vehicle and technology company that specializes in the design and manufacture of smart cars. The company emphasizes local market needs and prioritizes consumer experience, integrating advanced autonomous driving features and internet-connected technologies into its vehicles. This approach aims to enhance the overall functionality and appeal of their cars, making them more than just traditional vehicles. Additionally, Xpeng Motors has a subsidiary, Xpeng Robotics, which focuses on developing smart robots as part of its broader mobility ecosystem.
E-House
Post in 2020
E-House is a real estate services company in China offering a comprehensive online-to-offline (O2O) service platform. It offers primary sales agency services, online real estate services, real estate information and consulting services, real estate advertising services, real estate promotional event services, secondary real estate brokerage services, and real estate investment fund management services. E-House has served more than 80% of domestic real estate developers, including Vanke, Evergrande, Wanda, Longfor, Poly Real Estate, and many other real estate industry giants, and worked on more than 200,000 real estate projects. E-House was founded in 2004 and was first listed on the New York Stock Exchange in August 2007.
E-House
Post in 2020
E-House is a real estate services company in China offering a comprehensive online-to-offline (O2O) service platform. It offers primary sales agency services, online real estate services, real estate information and consulting services, real estate advertising services, real estate promotional event services, secondary real estate brokerage services, and real estate investment fund management services. E-House has served more than 80% of domestic real estate developers, including Vanke, Evergrande, Wanda, Longfor, Poly Real Estate, and many other real estate industry giants, and worked on more than 200,000 real estate projects. E-House was founded in 2004 and was first listed on the New York Stock Exchange in August 2007.
SQream
Series B in 2020
SQream is a data analytics company that offers a platform designed to help organizations derive critical insights from vast amounts of data. By providing a petabyte-scale SQL database, SQream enables small, medium, and large enterprises across various sectors, including telecommunications, genomics, cybersecurity, finance, and the Internet of Things, to analyze extensive datasets efficiently. The company's technology facilitates faster insights while significantly reducing the hardware footprint and overall costs associated with big data analytics. Through its advanced capabilities, SQream empowers businesses to enhance their performance and stay competitive in an increasingly data-driven landscape.
Best
Post in 2020
Best Logistics (百世物流) is a Chinese comprehensive logistics supply chain service provider. The company provides comprehensive supply chain design and logistics services for domestic and foreign enterprises through its complete and systematic partner authentication management system, professional supply chain design solution, advanced information technologies, and comprehensive self-developed operation platform GeniMax system. Founded in 2007, Best Logistics combines internet, information technology, and traditional logisctics services to create a new subversive commercial model to integrate the large logistics industry in China. The company has established multilevel operation centers nationwide, with a distribution network that covers the whole country.
BigBasket
Debt Financing in 2020
BigBasket is an online food and grocery store that specializes in delivering personal and household necessities directly to customers' doorsteps. The company offers a user-friendly platform where customers can browse an extensive range of products, select their desired items, and schedule deliveries at their convenience. BigBasket prioritizes product quality by handpicking each item and ensuring it goes through a thorough safety packaging process before reaching the customer. By focusing on efficiency and convenience, BigBasket aims to simplify the grocery shopping experience, allowing users to shop from the comfort of their homes or offices.
BigBasket
Venture Round in 2020
BigBasket is an online food and grocery store that specializes in delivering personal and household necessities directly to customers' doorsteps. The company offers a user-friendly platform where customers can browse an extensive range of products, select their desired items, and schedule deliveries at their convenience. BigBasket prioritizes product quality by handpicking each item and ensuring it goes through a thorough safety packaging process before reaching the customer. By focusing on efficiency and convenience, BigBasket aims to simplify the grocery shopping experience, allowing users to shop from the comfort of their homes or offices.
Quibi
Private Equity Round in 2020
Quibi is a media company that specializes in creating mobile-first video content tailored for smartphones. Founded in 2018 and headquartered in Los Angeles, the company focuses on delivering a diverse array of original shows, including scripted series, unscripted formats, documentaries, and daily news and sports programs. Quibi's platform offers short-form episodes designed for easy consumption, allowing users to switch between horizontal and vertical viewing modes seamlessly. By targeting a core audience that seeks engaging and inspiring content, Quibi aims to provide an intuitive streaming experience that caters to the needs of mobile users.
Keruyun
Acquisition in 2020
Keruyun Inc. is a leading provider of cloud-based software as a service (SaaS) solutions tailored for the food and beverage industry, focusing on reservations, queuing, take-outs, ordering, cashier systems, membership cards, coupons, and supply chain services. Founded in 2012 and headquartered in Beijing, China, Keruyun integrates advanced software and hardware to enhance management efficiency for merchants in catering and retail sectors. The company has expanded significantly, establishing 34 branches across major cities and employing over 2,000 staff. With a strong commitment to innovation, Keruyun has developed a suite of products that includes solutions like OnPOS mini and Wallet Payment, and it aims to streamline operations for more than 40,000 clients nationwide. As a subsidiary of Alibaba Local Services Company, Keruyun continues to drive growth and transformation within the service industry through intelligent management systems.
Nice Tuan
Series B in 2020
Nice Tuan is an e-commerce platform that specializes in providing fresh produce, beverages, leisure food, and daily supplies. The company operates a community-focused model, partnering with local residential communities to source products from nearby warehouses and producers. This approach allows Nice Tuan to offer a wide range of daily groceries and household items to residents, aiming to create an efficient and convenient shopping experience. By emphasizing local sourcing and community engagement, Nice Tuan seeks to establish a robust e-commerce ecosystem tailored to the needs of its customers.
Xpressbees
Series D in 2020
Xpressbees is an e-commerce logistics company that specializes in providing a wide range of logistics solutions to its partners. The company focuses on last-mile delivery, offering same-day and next-day services, as well as reverse logistics, payment collection, drop shipping, and vendor management. Additionally, Xpressbees supports cross-border services and fulfillment solutions, ensuring that clients have access to comprehensive supply-chain management. Its platform includes an online shipment tracking system, which enhances customer satisfaction by enabling clients to offer timely deliveries and value-added services. Through these offerings, Xpressbees aims to address the diverse logistics needs of its clients effectively.
Tianxianpei
Series A in 2019
TianXianPei is a community fresh food retailer, based on data-driven product selection capability, with fresh food as its core and aquatic products as its feature to establish differentiated commodity advantages. It create a new retail model for consumers to order milk through online platform and offline intelligent freezer to bring new O2O to consumers. Fresh milk delivery experience! Tianxian match, the heavy-duty traditional milk tank is the intelligent freezer downstairs for consumers, and through the whole process of cold chain transportation mode, to maximize the fresh taste and fresh nutrition of milk, iteratively upgrade milk consumption!
PandaCredit
Series A in 2019
PandaCredit is a financial services provider that focuses on emerging markets in Southeast and South Asia. The company aims to serve individuals who lack access to traditional banking services by offering secure and convenient financial products. Utilizing big data analytics and machine learning technologies, PandaCredit generates credit scores for consumers, enabling them to engage with conventional financial institutions. Through these value-added services, PandaCredit seeks to enhance financial inclusion and empower underserved populations in the region.
Cainiao Logistics
Corporate Round in 2019
Cainiao Logistics provides logistics services to Alibaba Group. It operates warehouses and express delivery stations. Cainiao Logistics also operates a logistics information platform which provides real-time access to information for both buyers and sellers. Shen Guojun founded China Smart Logistics Network on May 28, 2013 that later became Cainiao Logistics, with its headquarters in Shenzhen in China.
3vjia Technology
Series C in 2019
3vjia.com specializes in transforming the home improvement industry through a centralized platform focused on 3D interior design. The company offers a comprehensive suite of services that integrates design, marketing, management, and manufacturing processes. Its advanced 3D design platform enables interior designers and companies to access a robust library of materials, utilize smart design software, and leverage virtual reality modeling. By facilitating seamless material order processing, production supervision, and order delivery, 3vjia.com aims to enhance transparency and efficiency within the home improvement sector, driving technological innovation and industry transformation.
Perfect Corp.
Series B in 2019
Perfect Corp. is a technology company specializing in augmented reality (AR) and artificial intelligence (AI) solutions for the beauty and fashion industries. Founded in 2014 and headquartered in New Taipei, Taiwan, with an additional office in San Jose, California, the company develops innovative platforms that enhance the shopping experience for consumers and brands alike. Perfect Corp. offers YouCam for Web, which provides makeup try-on plugins for e-commerce, and YouCam for Enterprise, a comprehensive suite of beauty solutions that includes virtual makeup application, AR skin diagnostics, and AI-driven product recommendations. Additionally, the company has created consumer-focused mobile applications such as YouCam Makeup and YouCam Perfect, which enable users to virtually try on products, perform skin analyses, and connect with a community of beauty enthusiasts. By partnering with leading brands, Perfect Corp. aims to transform traditional retail into engaging digital experiences.
AutoX
Series A in 2019
AutoX, Inc. is a California-based company specializing in developing software solutions for self-driving vehicles. Founded in 2016 and headquartered in San Jose, AutoX focuses on creating a camera-based autonomous driving platform that employs artificial intelligence to achieve full autonomy, specifically Level 5 self-driving capability. The company aims to navigate complex urban traffic scenarios safely and efficiently, making autonomous driving more accessible. AutoX is notable for being granted the second fully driverless RoboTaxi permit in California, underscoring its commitment to accelerating the deployment of fully driverless cars and enhancing everyday convenience for users.
NetEase Cloud Music
Series B in 2019
NetEase Cloud Music, established in 2013 and based in Hangzhou, China, specializes in online music streaming services through its mobile application. The platform enables users to access a wide variety of music and offers additional features, such as music discovery and social networking capabilities. As a subsidiary of NetEase, Inc., NetEase Cloud Music has grown to become a significant player in the Chinese music streaming market, catering to the evolving preferences of its audience while developing applications for smartphones to enhance user experience.
Kaola
Acquisition in 2019
Kaola is a cross-border e-commerce shopping platform that provides a diverse selection of consumer products, featuring over 9,000 brands from 80 countries. The platform specializes in categories such as apparel, maternity and infant care, household appliances, and personal care items. To ensure product quality and competitive pricing, Kaola maintains direct supply channels and engages in bulk purchasing. The company emphasizes customer satisfaction with a robust after-sales service, offering a 30-day worry-free return policy. It also facilitates efficient order fulfillment through partnerships with customs and bonded areas, enabling delivery within 3 to 15 business days. Kaola supports various payment methods, including online banking and credit cards, simplifying the transaction process for its customers.
Bitmark
Series A in 2019
Bitmark Inc. develops a property system for the digital environment, utilizing specialized blockchain technology to transform personal data into property that can be sold, licensed, and transferred directly between users. Founded in 2014 and headquartered in Taipei, Taiwan, with additional offices in Cupertino, California; Reykjavík, Iceland; and Đà Nẵng, Vietnam, Bitmark's system allows individuals to establish ownership claims for their data, similar to land registrars for real estate. The company aims to restore trust in data by providing an end-to-end Internet protocol that secures data provenance, enabling verifiable information and digital property rights. This approach facilitates the safe sharing of personal data without relying on trusted third parties. Bitmark's solutions are utilized in various sectors, including healthcare, music, and art, by organizations such as UC Berkeley, Pfizer, and KKBOX.
COMMEET
Series A in 2019
COMMEET is a Taipei-based company that specializes in business travel planning and expenditure management. It offers a comprehensive platform that serves as a one-stop shop for various business travel needs, including application processes, ordering, and expense reporting. By streamlining these services, COMMEET aims to enhance efficiency for enterprises in managing their travel expenditures effectively.
KnowBox
Series D in 2019
KnowBox, established in 2014, is focused on the K12 education sector, providing two mobile apps designed to enhance homework management for both students and teachers. The apps deliver personalized exercises that cater to individual learning needs, helping students maximize their homework effectiveness. For teachers, the platform alleviates repetitive tasks, allowing them to dedicate more time to address each student's specific challenges. With nearly one million daily active users, KnowBox is committed to further developing its services, including plans to create its own comprehensive homework database to better support educational outcomes.
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