IDG Capital

work with private equity and venture capital fund managers, investment advisors and business entities from around the world.

Xiaohui Cao

Partner

Cui Guangfu

Partner

Jun Fang

Partner

Mei Gao

Partner

Simon Ho

CFO

Bingjun Huangfu

Partner

Ning Kang

Managing Director

Jianguang Li

Partner

Xiaojun Li

Partner

Meng Lian

Partner

Yikun Liu

Partner

Jun Lou

Partner

Michelle Ma

Partner

Kuiguang Niu

Partner

Hugo Shong

Founding Chairman

Yuhan Sun

Vice President

Chen Tong

Partner

Xiao Wang

Partner

Shu Wang

General Partner

Jeacy Yan

Partner

Jin Yu Ph.D

Partner

Xinhua Yu

Partner

Antony Yung

Partner

Jianbin Zhang

Vice President

Suyang Zhang

Managing Partner

Maria Zhang

Venture Partner

Haitao Zhang

Managing Director

Zhiyong Zhen

Principal

Jian Zhu

Venture Partner

Peter Zhang Ph.D

Vice President

Past deals in Marketplace

WeShine

Series B in 2022
Developer of marketing SaaS platform based on WeChat enterprise. The company mainly provides integrated marketing and media services on Wechat platform and utilize social medial platform to connect potential customers with enterprises through mobile interaction and digital content, enabling clients to broaden their customer base and improve marketing precision.

Pupumall

Venture Round in 2021
Pupumall is an online platform based in Fuzhou, China, that specializes in the instant delivery of a wide range of food products. Founded in 2016, the company offers services that include fruits and vegetables, meat and poultry, dairy, seafood, grains, beverages, snacks, and daily necessities. Pupumall enables customers to place grocery orders online, connecting them with nearby delivery riders to ensure prompt service. This model not only enhances convenience for consumers but also streamlines warehousing and distribution for vendors, making grocery shopping more efficient and accessible.

Weipaitang

Series B in 2021
Hangzhou Weipaitang Culture and Creativity Co., Ltd. operates an online auction platform specializing in the trade of antiques, artwork, and paintings. The platform facilitates transactions through live streaming, creating a convenient and efficient trading environment for users. It is designed to ensure accurate user engagement, rapid delivery, and high turnover rates among bidders. The company is based in Hangzhou, China, and emphasizes fast payment processing and high rates of repeat purchases, contributing to a robust marketplace for antique items.

Bizongo

Series C in 2021
Bizongo is an online B2B marketplace focused on the packaging and material handling industries, offering solutions for packaging sourcing, distribution, inventory management, and design. Established in 2015 and headquartered in Mumbai, India, the company operates an automated supply chain platform that facilitates efficient inventory management while minimizing issues such as stockouts and excess inventory. Bizongo's vendor digitization platform enhances supply chain operations for made-to-order products, providing services such as digital vendor management, supply chain automation, and financing. By streamlining these processes, Bizongo helps businesses optimize their operations and reduce costs.

Zhizun Baowu

Series A in 2020
Developer of an mobile eCommerce platform for precious collectibles. The company's platform creates an easy to navigate, secure marketplace for jade items, tea sets and other collectibles, enabling business and collectors to trade.

Zhizun Baowu

Angel Round in 2020
Developer of an mobile eCommerce platform for precious collectibles. The company's platform creates an easy to navigate, secure marketplace for jade items, tea sets and other collectibles, enabling business and collectors to trade.

HyperSKU

Series A in 2020
HyperSKU is an online dropshipping platform designed to assist dropshippers and small to medium-sized businesses in efficiently managing and scaling their eCommerce operations. The platform features a dynamic supplier database that allows users to source quality products quickly. It offers real-time synchronization with clients' stores, ensuring seamless order management. Additionally, HyperSKU provides express international shipping at competitive prices, enabling dropshippers globally to fulfill orders swiftly and deliver products reliably to customers. This comprehensive approach empowers users to streamline their processes and enhance their business growth.

Club Factory

Series D in 2019
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.

Plum

Series B in 2019
Plum is an e-commerce platform for second-hand fashion products. It works as a one-stop consignment service platform that provides filming, sales, customer service, sale, and a full set of consignment services. Plum was founded on 2015 and is headquartered in Beijing, China.

T11 Food Market

Series A in 2019
T11 Food Market offers grocery stores.

Beidian

Series A in 2019
Beidian operates as an innovative e-commerce platform that connects consumers, shop owners, and suppliers, offering a diverse range of products including home goods, clothing, food, beauty items, and products for mothers and babies. Unlike traditional e-commerce platforms, Beidian emphasizes social sharing among users, fostering a three-way connection that enhances the shopping experience. The company adheres to a source supply chain model, collaborating closely with numerous high-quality brands, source factories, and agricultural bases worldwide. This approach ensures that consumers have access to premium products at competitive prices, allowing them to purchase better goods while spending less.

Songshu Pinpin

Series B in 2019
Songshupinpin.com operates an e-commerce platform for community group buying. The community was founded in 2016 and is based in Beijing, China.

Songshu Pinpin

Series A in 2018
Songshupinpin.com operates an e-commerce platform for community group buying. The community was founded in 2016 and is based in Beijing, China.

ShengXianChuanQi

Series B in 2018
Shengxianchuanqi is a fresh food chain supermarket that mainly provides customers with fresh food and kitchen merchandise.

T11 Food Market

Angel Round in 2018
T11 Food Market offers grocery stores.

Xiangwushuo

Series B in 2018
Xiangwushuo operates an online platform that enables users to buy and sell unused items, facilitating the effective use of idle consumer goods. Based in Beijing, China, the platform also allows business owners to promote and sell their products online. Users can give away their products by providing information to the platform, while others can acquire these items by paying delivery fees and using reward points known as Little Red Flower. This system not only encourages transactions but also incentivizes user engagement through activities like inviting friends to join. Xiangwushuo thus promotes a circular economy by connecting individuals and businesses in the exchange of goods.

ezbuy

Series C in 2018
Ezbuy is a prominent online marketplace based in Singapore, specializing in cross-border e-commerce and offering a diverse range of products, including apparel, home furnishings, electronics, beauty products, and sporting goods. Founded in 2010, it connects consumers to international brands and sellers from countries such as China, the USA, Korea, and Taiwan, as well as local sources. The platform provides customers with a convenient shopping experience through its Global Marketplace, enabling access to popular online retailers like Taobao and Amazon. Ezbuy also offers various services aimed at enhancing customer satisfaction, including a subscription service for cost-effective shipping, same-day delivery options, and partnerships with local retail shops for improved parcel collection. Catering primarily to consumers in Singapore, Malaysia, Thailand, and Indonesia, ezbuy focuses on leveraging technology to deliver fast and efficient online shopping solutions.

JWK

Seed Round in 2018
Provider of shared workspace community and office space management services designed for all business sizes. The company aims to provide an engaging and comfortable work space with services including food courts, gyms, coffee shops, convenience stores, small post offices, maternity rooms, children's play areas and more for companies and their employees.

PatPat

Series C in 2018
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.

SEE Xiaodianpu

Series C in 2018
SEE Xiaodiaopu is a content commercialization alliance and small program e-commerce SaaS service platform. SEE helps thousands of people create "small program stores" and establishes a channel for the brand to enter WeChat and reach new users. SEE also helps with brand sales and reputation through content communication and marketing. SEE has partnered with more than 1000 brands, covering beauty, home, snacks, fashion, and curriculum categories. In addition, SEE has established exclusive cooperation with dozens of WeChat brands.

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.

Xiangwushuo

Series A in 2018
Xiangwushuo operates an online platform that enables users to buy and sell unused items, facilitating the effective use of idle consumer goods. Based in Beijing, China, the platform also allows business owners to promote and sell their products online. Users can give away their products by providing information to the platform, while others can acquire these items by paying delivery fees and using reward points known as Little Red Flower. This system not only encourages transactions but also incentivizes user engagement through activities like inviting friends to join. Xiangwushuo thus promotes a circular economy by connecting individuals and businesses in the exchange of goods.

Guoxiaomei

Series C in 2017
Guoxiaomei is a self-service smart shelf business operator that places snack bars in corporate offices, including Alibaba, China Telecom, Focus Media, and Tencent.

Plum

Series A in 2017
Plum is an e-commerce platform for second-hand fashion products. It works as a one-stop consignment service platform that provides filming, sales, customer service, sale, and a full set of consignment services. Plum was founded on 2015 and is headquartered in Beijing, China.

Guoxiaomei

Series A in 2017
Guoxiaomei is a self-service smart shelf business operator that places snack bars in corporate offices, including Alibaba, China Telecom, Focus Media, and Tencent.

Guoxiaomei

Series A in 2017
Guoxiaomei is a self-service smart shelf business operator that places snack bars in corporate offices, including Alibaba, China Telecom, Focus Media, and Tencent.

Lianshang

Series C in 2017
Lianshang operates an online platform dedicated to fabric trading, primarily serving the business-to-business market. This platform allows fabric manufacturers to bid for orders, facilitating a direct connection between producers and customers. It offers a range of services, including fabric purchasing, inspection and testing, and logistics support. Additionally, Lianshang's platform features a mobile application that can identify fabric colors and streamline the ordering process, enabling customers to purchase fabrics directly from manufacturers.

Guoxiaomei

Angel Round in 2017
Guoxiaomei is a self-service smart shelf business operator that places snack bars in corporate offices, including Alibaba, China Telecom, Focus Media, and Tencent.

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.

Bizongo

Series A in 2016
Bizongo is an online B2B marketplace focused on the packaging and material handling industries, offering solutions for packaging sourcing, distribution, inventory management, and design. Established in 2015 and headquartered in Mumbai, India, the company operates an automated supply chain platform that facilitates efficient inventory management while minimizing issues such as stockouts and excess inventory. Bizongo's vendor digitization platform enhances supply chain operations for made-to-order products, providing services such as digital vendor management, supply chain automation, and financing. By streamlining these processes, Bizongo helps businesses optimize their operations and reduce costs.

Songshu Pinpin

Seed Round in 2016
Songshupinpin.com operates an e-commerce platform for community group buying. The community was founded in 2016 and is based in Beijing, China.

Daling

Series C in 2016
Daling owns and operates mobile shopping application. The company is based in Beijing, China.

Lianshang

Series B in 2016
Lianshang operates an online platform dedicated to fabric trading, primarily serving the business-to-business market. This platform allows fabric manufacturers to bid for orders, facilitating a direct connection between producers and customers. It offers a range of services, including fabric purchasing, inspection and testing, and logistics support. Additionally, Lianshang's platform features a mobile application that can identify fabric colors and streamline the ordering process, enabling customers to purchase fabrics directly from manufacturers.

ezbuy

Series B in 2016
Ezbuy is a prominent online marketplace based in Singapore, specializing in cross-border e-commerce and offering a diverse range of products, including apparel, home furnishings, electronics, beauty products, and sporting goods. Founded in 2010, it connects consumers to international brands and sellers from countries such as China, the USA, Korea, and Taiwan, as well as local sources. The platform provides customers with a convenient shopping experience through its Global Marketplace, enabling access to popular online retailers like Taobao and Amazon. Ezbuy also offers various services aimed at enhancing customer satisfaction, including a subscription service for cost-effective shipping, same-day delivery options, and partnerships with local retail shops for improved parcel collection. Catering primarily to consumers in Singapore, Malaysia, Thailand, and Indonesia, ezbuy focuses on leveraging technology to deliver fast and efficient online shopping solutions.

Inagora

Series A in 2016
Inagora Inc. develops a cross-border e-commerce platform that connects Japanese businesses with overseas customers, primarily in China. Founded in 2014 and headquartered in Minato, Japan, the company operates Wandou, a Chinese-language online marketplace that serves approximately 3 million users. Wandou features around 40,000 products, emphasizing cosmetics, clothing, and food from various Japanese brands. Inagora's offerings include content creation, marketing, logistics, and settlement services, facilitating cross-border transactions while mitigating currency risk through its mobile application, Wando. The platform aims to enhance the accessibility of Japanese goods to international consumers.

5miles

Series B in 2016
5miles LLC, founded in 2015 and headquartered in Dallas, Texas, operates an e-commerce platform that facilitates local buying and selling. The platform is designed to enhance the user experience by offering a straightforward and secure environment for transactions. Users can easily buy and sell a variety of items, including cars, furniture, and electronics, as well as local services such as beauty, auto repair, and home cleaning. The 5miles app streamlines the process, allowing individuals to list items by simply taking a photo and enabling seamless communication through comments. The platform is free to use, aiming to eliminate common issues found in other online marketplaces, such as high listing fees and the presence of fraudulent listings.

ipo3.com

Angel Round in 2016
Operator of an information portal and online platform that focuses on providing data on the National Equities Exchange And Quotations in China. The company focuses on providing information on NEEQ, hosts conference forums, and provides boutique investment banking services, enabling users to get a vertically integrated experience surrounding NEEQ.

AGORAB2B

Series B in 2015
AGORA is a B2B e-commerce platform that offers expertise in the areas of B2B portal development. AGORA helps small and medium scale businesses in monitoring stock availability and goods prices, allowing businesses to make online reservations in the supplier's enterprise resource planning (ERP) software.

SEE Xiaodianpu

Series A in 2015
SEE Xiaodiaopu is a content commercialization alliance and small program e-commerce SaaS service platform. SEE helps thousands of people create "small program stores" and establishes a channel for the brand to enter WeChat and reach new users. SEE also helps with brand sales and reputation through content communication and marketing. SEE has partnered with more than 1000 brands, covering beauty, home, snacks, fashion, and curriculum categories. In addition, SEE has established exclusive cooperation with dozens of WeChat brands.

RGYUN

Series A in 2015
Developer of an SaaS software intended to provide advertising transaction services. The company's software provides Private Marketplace (PMP) services to middle and large media enterprises, enabling users to have an efficient real-time bidding environment.

PatPat

Series A in 2015
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.

5miles

Series B in 2015
5miles LLC, founded in 2015 and headquartered in Dallas, Texas, operates an e-commerce platform that facilitates local buying and selling. The platform is designed to enhance the user experience by offering a straightforward and secure environment for transactions. Users can easily buy and sell a variety of items, including cars, furniture, and electronics, as well as local services such as beauty, auto repair, and home cleaning. The 5miles app streamlines the process, allowing individuals to list items by simply taking a photo and enabling seamless communication through comments. The platform is free to use, aiming to eliminate common issues found in other online marketplaces, such as high listing fees and the presence of fraudulent listings.

Nattitude

Angel Round in 2015
An E-commerce Platform based in Guangzhou,China.

Silkcloud

Series A in 2015
Highly scalable eCommerce platform for retail companies and technology companies. Built out app store for a very prominent tech company.

iQUNXING.COM

Series B in 2015
Operator of SME accounts receivables trading platform. The company's platform is backed by big data and intelligent risk management systems that offers flexible loan services and other credit facilities for business owners, financial institutions, suppliers and distributors by analyzing and transferring company account receivables.

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, sourced from more than 4,000 galleries, leading auction houses, and prestigious art fairs. The platform aims to expand the art market by supporting artists and promoting art globally. By collaborating with prominent museums and galleries, Artsy enables users to discover, learn about, and collect art. Additionally, the company manages online art publications, further enhancing its role as a comprehensive resource for art enthusiasts and collectors.

Lianshang

Series A in 2015
Lianshang operates an online platform dedicated to fabric trading, primarily serving the business-to-business market. This platform allows fabric manufacturers to bid for orders, facilitating a direct connection between producers and customers. It offers a range of services, including fabric purchasing, inspection and testing, and logistics support. Additionally, Lianshang's platform features a mobile application that can identify fabric colors and streamline the ordering process, enabling customers to purchase fabrics directly from manufacturers.

Move Loot

Series A in 2015
Move Loot Inc. operates an online marketplace for buying and selling new and used furniture in the United States, primarily serving clients in North Carolina, Georgia, New York, and California. The company allows sellers to submit their furniture easily, after which it curates, prices, and lists the items on its platform. Move Loot manages the logistics by arranging pickups from sellers and delivering the items to buyers, ensuring a hassle-free experience. Its extensive range of offerings includes sofas, chairs, tables, beds, and various home décor items. Founded in 2013 and based in San Francisco, Move Loot aims to provide customers with unique and affordable furniture options while facilitating a seamless transaction process.

ezbuy

Series A in 2014
Ezbuy is a prominent online marketplace based in Singapore, specializing in cross-border e-commerce and offering a diverse range of products, including apparel, home furnishings, electronics, beauty products, and sporting goods. Founded in 2010, it connects consumers to international brands and sellers from countries such as China, the USA, Korea, and Taiwan, as well as local sources. The platform provides customers with a convenient shopping experience through its Global Marketplace, enabling access to popular online retailers like Taobao and Amazon. Ezbuy also offers various services aimed at enhancing customer satisfaction, including a subscription service for cost-effective shipping, same-day delivery options, and partnerships with local retail shops for improved parcel collection. Catering primarily to consumers in Singapore, Malaysia, Thailand, and Indonesia, ezbuy focuses on leveraging technology to deliver fast and efficient online shopping solutions.

Yetang

Series A in 2014
Yetang is a Chinese e-commerce platform for young people in China to discover, engage with, and shop independent designers. In 2014, Yetang sold 110,000 products from 800 designers in 34 countries.

Daling

Series B in 2014
Daling owns and operates mobile shopping application. The company is based in Beijing, China.

PatPat

Series A in 2014
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.

Yetang

Angel Round in 2014
Yetang is a Chinese e-commerce platform for young people in China to discover, engage with, and shop independent designers. In 2014, Yetang sold 110,000 products from 800 designers in 34 countries.

Mizhe.com

Series B in 2014
Mizhe.com is an e-commerce platform based in Hangzhou, China, that specializes in offering discounts to shoppers on various Chinese e-commerce sites. Founded in August 2011, the company collaborates with over 600 online retailers, including well-known platforms like Tmall and Dangdang. Mizhe.com provides a user-friendly shopping guide that utilizes referral links to direct customers to larger e-commerce sites such as Taobao and Amazon China. Shoppers can access discounts of up to 50 percent on their purchases and find additional coupons through Miquan.com, a site similar to Groupon. With millions of registered users and hundreds of thousands of active daily shoppers, Mizhe.com reportedly generates over 100 million RMB in sales annually. The company received a significant investment from IDG Capital Partners during its Series A funding round in 2012.

Zhubajie

Series B in 2014
Zhubajie is the largest online service market in China. Since its inception in 2006, Zhubajie has been doing non-standard service trading, rather than selling standardized goods. As China's earliest professional skills-sharing economic platform, the Zhubajie network has gathered more than 10 million professional skills and institutions. More than six million businesses have used the Zhubajie network to find professionals to do professional things, buy logo designs, programming, intellectual property, finance and other life-cycle services.

Daling

Series A in 2014
Daling owns and operates mobile shopping application. The company is based in Beijing, China.

Daling

Series A in 2014
Daling owns and operates mobile shopping application. The company is based in Beijing, China.

HaiTaoCheng.com

Series C in 2013
HaiTaoCheng is an E-Commerce Website

Mizhe.com

Series A in 2013
Mizhe.com is an e-commerce platform based in Hangzhou, China, that specializes in offering discounts to shoppers on various Chinese e-commerce sites. Founded in August 2011, the company collaborates with over 600 online retailers, including well-known platforms like Tmall and Dangdang. Mizhe.com provides a user-friendly shopping guide that utilizes referral links to direct customers to larger e-commerce sites such as Taobao and Amazon China. Shoppers can access discounts of up to 50 percent on their purchases and find additional coupons through Miquan.com, a site similar to Groupon. With millions of registered users and hundreds of thousands of active daily shoppers, Mizhe.com reportedly generates over 100 million RMB in sales annually. The company received a significant investment from IDG Capital Partners during its Series A funding round in 2012.

Zhubajie

Series A in 2011
Zhubajie is the largest online service market in China. Since its inception in 2006, Zhubajie has been doing non-standard service trading, rather than selling standardized goods. As China's earliest professional skills-sharing economic platform, the Zhubajie network has gathered more than 10 million professional skills and institutions. More than six million businesses have used the Zhubajie network to find professionals to do professional things, buy logo designs, programming, intellectual property, finance and other life-cycle services.

My 1%

Series A in 2011
My 1% is a 4-gold store for women's wear. It has also launched global outdoor photography services for real-person models. My 1%’s sales and credit rank first in the category of women's dress and follows the planning guideline of Baida all over the world. It has covered more than 20 countries and areas since it started the first global outdoor scene in Bali Island in June 2008. The sales amount of My 1% has been increasing exponentially since the online shop gained crown credit in 2008. The shop obtained the first gold crown in 2009, the second gold crown in 2010, and then the third gold crown within 8 months by December 2010. The shop has gained about 2 million good appraisals and became the first clothing online store with three gold crowns on the Taobao platform.

DangDang

Series C in 2006
DangDang Inc. is a prominent business-to-consumer e-commerce company based in Beijing, China, established in 1999. Initially focusing on online book sales, it became a leading book retailer in the country, offering a wide selection of approximately 930,000 books and media products. Over the years, DangDang expanded its offerings to include a diverse range of general merchandise, such as beauty and personal care items, home and lifestyle products, apparel, and consumer electronics. The company operates a marketplace program that allows third-party merchants to sell their products on its platform, presenting customers with a total of over 113,000 stock keeping units of merchandise. With a robust logistics network comprising 19 fulfillment centers, DangDang ensures efficient delivery services across the nation, catering to a large and growing customer base.

RGYUN

Series A in 2006
Developer of an SaaS software intended to provide advertising transaction services. The company's software provides Private Marketplace (PMP) services to middle and large media enterprises, enabling users to have an efficient real-time bidding environment.

ItrybeforeIbuy

Series A in 2006
ItrybeforeIbuy.com is China’s first experience-based marketing platform. Including product trials, comment sharing, and special offers, the website also provides functions such as brand marketing, sale leads, market research, the ability to establish a user club, and other promotion services. Currently, ItrybeforeIbuy.com has more than 3 million members, which increases by 5000 every day. 80% of them are active users. Most of its members are highly-educated people between 20 to 35 years old and with a monthly income of more than 3000 Yuan.

Tavolo

Venture Round in 2000
Tavolo offers an online store that enables its users to find and buy products related to cooking. Tavolo was acquired by OurHouse in December 2000. It is based in San Rafael, California.

YABUY

Series A in 2000
Jindian World Wide Network Technology Co. Ltd. is the developer of YABUY, a competitive price transaction website. Opened to the public on June 16, 1999, YABUY was the earliest professional competitive price transaction platform in mainland China, and was well received by its customers. Providing a user-friendly e-commerce transaction platform with sound operations, detailed classification, and strong functions, YABUY had the highest number of unique visits with various items and categories and active transactions. It is a transaction service platform that integrates individual competitive prices, collective bargaining, bidding, and purchasing into one.

DangDang

Series A in 2000
DangDang Inc. is a prominent business-to-consumer e-commerce company based in Beijing, China, established in 1999. Initially focusing on online book sales, it became a leading book retailer in the country, offering a wide selection of approximately 930,000 books and media products. Over the years, DangDang expanded its offerings to include a diverse range of general merchandise, such as beauty and personal care items, home and lifestyle products, apparel, and consumer electronics. The company operates a marketplace program that allows third-party merchants to sell their products on its platform, presenting customers with a total of over 113,000 stock keeping units of merchandise. With a robust logistics network comprising 19 fulfillment centers, DangDang ensures efficient delivery services across the nation, catering to a large and growing customer base.

EachNet

Series B in 1999
EachNet is a Chinese e-commerce platform that facilitates online buying and selling of a diverse array of goods, including clothing, toys, art supplies, antiquities, and electronics. Founded in 1999 and based in Shanghai, EachNet initially operated independently before forming a strategic partnership with eBay in 2002, which led to eBay acquiring full ownership by 2003. The platform supports both auction and fixed-price formats, allowing users to engage in transactions for everyday items as well as more unique products. EachNet serves a broad market, with offerings tailored to consumers in China, the United States, and Canada, thereby creating a comprehensive online marketplace for various consumer needs.
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