Capital Today manages dedicated China country funds of USD2.5 billion. It is one of the first independent private equity firms in China. Founded by Kathy Xu in 2005, Capital Today is committed to provide growth capital to small and medium-sized Chinese companies and helps them build sustainable businesses and No.1 brands in China. Capital Today's investment theme is to capture opportunities with the booming Chinese middle class and their changing life styles. Capital Today has a focused and disciplined strategy and hands-on approach. It is dedicated to help the Chinese entrepreneurs build KPI, Culture and No.1 brands (Capital Today's "3 Weapons"). Capital Today is a strong believer of long term investment and tends to hold the investment for many years. Capital Today has been focused on Consumer. Retail & Internet Sector. Their Portfolios IncludeJD.com, Youku Tudou.com, Ganji.com, Dianping.com, Three Squirrels online snack food brand, Yifeng Pharmacy Chain, Cosrno Lady Underwear Chain, Nuts Snack Food Chain, BiFengTang Quick Service Restaurant, Tsui Wah Restaurant Chain, etc.
Gaussian Robot is a developer of commercial automatic sweeping robots. It is mainly engaged in automatic commercial products such as automatic navigation vans, automatic commercial sweepers and service robots. Shanghai Gaoxian Automation Technology Development Co., Ltd. products.
Outer is a direct-to-consumer outdoor furniture brand on a mission to bring life outside. The products are designed by former head furniture designer of Pottery Barn, Terry Lin and manufactured in CEO Jiake Liu's family-owned factory. Since its inception in 2017, Outer has increased its revenue 11 times by 2020 and tripled its workforce in the past nine months.
PatPat is a daily shopping app for moms, offering deals on trending baby, infant/toddler, kids and maternity items at up to 50-90% off, occasionally even free! Their great relationships with manufacturers allow them to offer exceptionally low prices that cannot be beat, with new events starting daily at 6am PST.
Zhihu (知乎) is a Chinese socialized website for questions and answers. It differs from traditional online question and answer forums by enabling users to obtain information through questions that provoke the opinions and views from answerers as individuals. The number of registered users on Zhihu has surpassed 300,000 by the end of January 2012.
Beidian providing consumers with home, clothing, food, beauty, mother and baby, etc. good stuff. Different from the traditional platform, the store communicates through the social sharing of people, realizes the three-way connection between consumers, shopkeepers and supply chain, and delivers selected good goods to consumers. Badian adheres to the source supply chain model and has reached in-depth cooperation with tens of thousands of high-quality brands, source factories and agricultural products bases around the world to ensure that consumers can spend less money to buy better products.
Linji
Series B in 2019
Linji, which means “your next door neighbors” in Chinese, was established in June 2017. Headquartered in Hangzhou in the Zhejiang Province, the company is founded by an experienced team who ran well-known domestic convenience stores. Today, the senior team consists of 40+ professionals, each with nearly 20 years of experience in the convenience store industry. The company values entrepreneurial passion and an innovative spirit, and has a unique understanding of customers’ convenience needs, fresh food, and online operations. It has received investment and support from a number of institutions including Source Code Capital.
Shanghai Lihuh Network Technology
Series B in 2018
Shanghai Lihuh Network Technology is a video platform operator.
NOME is a value-driven company based on design. By working with Nordic independent designers, NOME creates design inspiration and practical functions, changes the daily life of the general public, and continuously optimizes the overall supply chain by finding the most suitable manufacturers globally. Investing in highly automated and large-scale production methods provides people with excellent products at competitive prices.
24 Fresh Convenience Store is an instant enhanced convenience food experience store, which is mainly for fresh, convenient and healthy 24-hour instant shop for office white-collar workers.
Xiaozhu.com (小猪短租网) is a Chinese booking website for daily rental and short-term rooms. It aims to provide a guaranteed platform for online communication and transactions for landlords and tenants. Also, a green platform ecosystem is established by mechanisms such as property and personal safety guarantee schemes as well as identification. This will effectively take full advantages and maximize the value of landlords' idle resources through sharing. Meanwhile, it enhances the social relationship and interaction between landlords and tenants and provides tenants with more humanized accommodation experience which is different from traditional hotels. Currently, the company has had branches in 13 cities all over the country and its house sources cover more than 130 domestic cities.
Ubras is a lingerie manufacturing brand that offers size-free lingerie that is comfortable and seamless, as well as intimate clothing that is easier to choose by combining fabrics and innovative technologies.
Zhihu (知乎) is a Chinese socialized website for questions and answers. It differs from traditional online question and answer forums by enabling users to obtain information through questions that provoke the opinions and views from answerers as individuals. The number of registered users on Zhihu has surpassed 300,000 by the end of January 2012.
Wozaijia is a social e-commerce platform for home furniture. "I am at home" is a trustworthy home to share direct purchase platform. Here, people can discover, experience, buy, share their favorite home products, we change the home to share economic practice of buying methods. "I am at home" believes that the world will be better if we can always get a better life with less cost.
Manner is a specialty coffee chain that believes that coffee should be a healthy drink affordable to all people. While insisting on bringing good coffee to every customer, MANNER also takes environmental protection as its own social responsibility. MANNER will reduce 5 yuan for every behavior of bringing non-disposable paper cups to the store to enjoy coffee. The company is headquartered in Shanghai, China.
Mafengwo is a Chinese travel SNS website that enables users to share travel experiences with each other. With more than one million entries of user-generated travel guides and over five million ratings and reviews, Mafengwo.com provides information on hotels, flights, travel routes, visa, insurance, and more for travelers and marketing projects related to the travel industry. As of April 2013, Mafengwo.com has provided travel services for more than 25 million users. It pays more attention to user experience, continuously upgrading the social platform when users share their travel information on the website. Mafengwo’s core product Travel Guide, has covered more than 95% travel destinations globally and has had over 100 million downloads. In 2012, the platform integrated booking services such as Booking, Agoda, Ctrip, and eLong. Mafengwo has raised $15 million in Series B with existing investor CapitalToday, who invested $5 million in the last round, and QimingVentures.
DARE ONE is a brand of light luxury underwear. It markets itself as "high quality and low price," implying that it uses the same design and fabric as international brands to create products with higher cost performance. In terms of aesthetics, DARE ONE's design has Italian design and aesthetic genes, and the main designer is Italian. The overall design features "internationalization," "fitting women's body curves," "every day sexy," and "free and easy elegance," that is, advocating for women's underwear as outerwear in the new era (homewear outerwear) and providing homewear suitable outerwear collocation.
Wozaijia is a social e-commerce platform for home furniture. "I am at home" is a trustworthy home to share direct purchase platform. Here, people can discover, experience, buy, share their favorite home products, we change the home to share economic practice of buying methods. "I am at home" believes that the world will be better if we can always get a better life with less cost.
BeiBei Group, founded in 2011 and based in Hangzhou, China, operates an e-commerce platform specializing in maternal and infant products. The company offers a wide range of everyday discount sales for women's and children's clothing, accessories, diapers, household goods, and toys. BeiBei aims to position itself as a leading technology retail platform, leveraging the expertise of its founding team, which has roots in Alibaba. The company has attracted significant venture capital investment from prominent firms, further supporting its growth in the competitive e-commerce sector.
Home-Cook is a kitchen-sharing and food delivery platform where users can discover cooking experts in their area who have time and are willing to share their knowledge. Home-Cook is a safer and more convenient option for daily dining.
BeiBei Group, founded in 2011 and based in Hangzhou, China, operates an e-commerce platform specializing in maternal and infant products. The company offers a wide range of everyday discount sales for women's and children's clothing, accessories, diapers, household goods, and toys. BeiBei aims to position itself as a leading technology retail platform, leveraging the expertise of its founding team, which has roots in Alibaba. The company has attracted significant venture capital investment from prominent firms, further supporting its growth in the competitive e-commerce sector.
Home-Cook is a kitchen-sharing and food delivery platform where users can discover cooking experts in their area who have time and are willing to share their knowledge. Home-Cook is a safer and more convenient option for daily dining.
Trip.com is a Chinese travel agency offering comprehensive services including hotel reservations, air ticketing, packaged tours, high-speed rail ticket booking, and corporate travel management.Trip.com offers over 1,000 packaged tours to both domestic Chinese and overseas destinations, departing from six major Chinese cities (Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, and Chengdu) and serving over 10,000 individual travelers monthly. Trip.com Group is a provider of travel services including accommodation reservation, transportation ticketing, packaged tours, and corporate travel management. The company owns and operates the Trip.com, Skyscanner, and Ctrip.com, all of which are online travel agencies. It enables local partners and travelers to make informed and cost-effective bookings for travel products and services, through the aggregation of comprehensive travel-related information and resources, and an advanced transaction platform consisting of mobile apps, internet websites, and 24/7 customer service centers. Founded in 1999 and listed on Nasdaq in 2003, Trip.com Group was established in Shanghai, China by co-founders Neil Shen, Min Fan, Qi Ji, and James Liang. Founded in 1999, Ctrip was listed on NASDAQ in December 2003. It has successfully integrated high-tech industries and traditional travel industry to serve over 40 million registered members. The Ctrip group includes members like lvping, Xingcheng ezTravel, csshotel, and sozhen.com. Its major competitors are elong, aoyou.com, and mangocity.com.
Anhui Three Squirrels E-commerce Co., Ltd., established in 2012, is an enterprise specializing in the research and development, distribution, and online B2C brand marketing of forest food such as nuts, dried fruit, tea, and more. Three Squirrels adopts the new food retail model, which shortens the distance between businesses and customers. It also initiated the sale of Chinese foodstuff through the internet. According to Taobao Tmall, Three Squirrel's sales in 2012 topped the nut industry in China, with the sales volume reaching nearly 8 million.
Dazhong Dianping focuses on the "retail + technology" approach and collaborates with merchants and other partners to give consumers a better life while also promoting goods retailing and services. retail's digital transformation on both the demand and supply sides. Meituan will always prioritise customer satisfaction, boost investment in scientific and technical research and development, better fulfill social obligations, generate more social value, and work with partners to achieve win-win outcomes.
Mafengwo is a Chinese travel SNS website that enables users to share travel experiences with each other. With more than one million entries of user-generated travel guides and over five million ratings and reviews, Mafengwo.com provides information on hotels, flights, travel routes, visa, insurance, and more for travelers and marketing projects related to the travel industry. As of April 2013, Mafengwo.com has provided travel services for more than 25 million users. It pays more attention to user experience, continuously upgrading the social platform when users share their travel information on the website. Mafengwo’s core product Travel Guide, has covered more than 95% travel destinations globally and has had over 100 million downloads. In 2012, the platform integrated booking services such as Booking, Agoda, Ctrip, and eLong. Mafengwo has raised $15 million in Series B with existing investor CapitalToday, who invested $5 million in the last round, and QimingVentures.
Ihush is an online sales platform offering special sale items (less than 50% discount) from international fashion brands. It has been authorized by the appropriate channels. In Europe, it is a popular sales model where an online on-sale website is managed by a professional shopping website supported by numerous big brands and their products. Consumers can break the limitations of space and location, receiving special offer information and buying favorite items through the network platform. From the end of 2008 to now, this model has been demonstrating substantial growth in China. So far, it has collaborated with over 500 international brands and it provides costumes, bags and suitcases, home appliance, products for infants and mothers, beauty products, tourism packages, and more. The product information is updated at noon every day and the sale for each brand lasts 3 to 7 days.
Ganji.com is a Chinese domestic classified website. As a web portal in China where users publish and exchange information, Ganji.com has been providing a variety of local information, such as estates for rent or sale, jobs, second hand products, used cars, pets, tickets, education, training, group purchase, and more. Targeting the untapped local business market, Ganji.com is building a massive user- and content-focused online community platform where both the users' and local merchants' needs are met. The website aggregates a large amount of real-time information because by the end of June 2011, there were around 890,000 users posting per day. Launched in 2005, the website has reached users in over 343 cities in China with offices in Beijing, Shanghai, Guangzhou, and Shenzhen. The company completed a $70 million Series C round from Capital Today and Sequoia on May 6, 2011. China Renaissance acted as the exclusive financial advisor for Ganji.com.
Bestore is an e-commerce platform and online food community that provides snack items. Bestore provides leisure food production, processing, and packaging, as well as retail services. They provide products for fruits, seafood, meat, and nut snacks, covering meat snacks, roasted nuts, confectionery, dried fruit and preserved fruits, and vegetarian cherries.
Cosmo Lady (China) Holdings Company Limited (“Cosmo Lady” or the “Company”, together with its subsidiaries, the “Group”) is principally engaged in the design, research, development and sale of intimate wear. The company is the largest branded intimate wear enterprise in China in terms of both total retail sales in 2018 and the number of retail outlets as of December 31, 2018, according to the Frost & Sullivan Report. In order to cater for consumers of different demographics, the company has been marketing and selling its products through a diversified brand portfolio, comprising the core brand “Cosmo Lady” (都市• 儷人) and three sub-brands, namely “Cosmo Elegance” (都市• 絲語), “Cosmo Blossom” (都市• 繽紛派) and “Cosmo Esquire” (都市• 鋒尚). The company has further elevated its brand portfolio and launched “Secret of City Beauty” (都市麗人的秘密) and “Freeday” (自在時光), aiming to attract different segments. Besides, through the acquisition of brands including Ordifen, Rubii and Ilsée, which are prestigious high-end brands with great customer awareness, the company efficiently elevated its brand portfolio and increased the number of its major brands to nine.
Dongguan Your Moon Household Textile
Private Equity Round in 2008
Dongguan Your Moon Household Textile Co. Ltd. manufactures and distributes household textile products.
JD.com is a leading online direct sales company in China, renowned for its extensive transaction volume and significant market share. The platform provides consumers with a diverse selection of authentic products at competitive prices, emphasizing a user-friendly online shopping experience through its website and mobile applications. To ensure timely and reliable delivery, JD.com has established a comprehensive nationwide fulfillment infrastructure, comprising numerous warehouses and a self-operated delivery network. This infrastructure allows the company to maintain high customer satisfaction levels and supports both its direct sales and online marketplace operations. JD.com also includes JD Health, an e-commerce platform for pharmaceutical products, and JD Logistics, which offers supply chain and logistics services, including innovative solutions like drone deliveries. With a strong emphasis on technology, JD.com has invested in a proprietary platform to facilitate growth and enhance service offerings, employing a substantial workforce to support its operations across China.
Zbird (钻石小鸟) is a professional Chinese brand that operates in the online diamond sales sector. The company is engaged in the online sale of luxury goods and advocates the spread of the diamond culture in China. Zbird provides customers with the personal experience of buying diamonds along with the DIY process. Zbird was established in 2002.
Tudou is a Chinese video sharing website that enables young users to get their voices heard on mainstream network media platforms. Launched on April 15, 2005, by its founder Wang Tei, Tudou was listed on NASDAQ on August 17 that same year. Tudou.com completed its fifth round of financing for $40 million dollars in 2010. In 2012, Tudou was acquired by Youku in a stock-for-stock transaction, and the merger of China's two biggest online video companies was finalized after shareholders approved the deal on August 20, 2012. The new entity was named Youku Tudou, Inc. According to iResearch, the number of monthly unique visitors to the site increased from approximately 182 million in December 2010 to about 227 million in May 2013, giving Youku Tudou, Inc. the advantage in terms of user base over its major rivals, Sohu, PPTV and iQiyi.
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