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 Shopping

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.

Hutouju

Series A in 2021
Hutouju is a Chinese dessert retailer that operates both retail locations and online stores. It offer customers tasty products with a Chinese style.

Guoquan Shihui

Series D in 2021
Zhengzhou Guoquan Shihui Network Technology Co., Ltd. sells pre-packaged hotpot ingredients and condiments through the retail stores. The company offers barbecue ingredients, including frozen and fresh produce products, snacks, hotpot condiments, dipping sauces, and beverages. It also operates stock keeping units (SKUs); and provides warehousing and logistics services for food products. In addition, the company sells products through an online platform. The company was founded in 2015 and is based in Shanghai, China.

Hutouju

Seed Round in 2021
Hutouju is a Chinese dessert retailer that operates both retail locations and online stores. It offer customers tasty products with a Chinese style.

DMALL

Series C in 2020
Dmall(Beijing)E-commerce Co.,Ltd designs and develops mobile application for selection and delivery of goods from supermarket. The application detects the user’s location and shows the stock of supermarkets which are in range. Dmall(Beijing)E-commerce Co.,Ltd was founded in 2015 and is based in Beijing, China.

Guoquan Shihui

Series C in 2020
Zhengzhou Guoquan Shihui Network Technology Co., Ltd. sells pre-packaged hotpot ingredients and condiments through the retail stores. The company offers barbecue ingredients, including frozen and fresh produce products, snacks, hotpot condiments, dipping sauces, and beverages. It also operates stock keeping units (SKUs); and provides warehousing and logistics services for food products. In addition, the company sells products through an online platform. The company was founded in 2015 and is based in Shanghai, China.

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.

Guoquan Shihui

Series B in 2020
Zhengzhou Guoquan Shihui Network Technology Co., Ltd. sells pre-packaged hotpot ingredients and condiments through the retail stores. The company offers barbecue ingredients, including frozen and fresh produce products, snacks, hotpot condiments, dipping sauces, and beverages. It also operates stock keeping units (SKUs); and provides warehousing and logistics services for food products. In addition, the company sells products through an online platform. The company was founded in 2015 and is based in Shanghai, China.

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.

Haoyiku

Series C in 2019
Haoyiku, founded in 2017 by Qiangqiang Wu and based in Hangzhou, China, operates as a community-based e-commerce platform specializing in apparel. The company is part of the Webuy/Jingling Group, which includes various brands and focuses on social e-commerce. Haoyiku allows merchants to share links to items for sale through WeChat, enabling customers to make direct purchases within the app. This business model leverages social media to enhance the shopping experience and facilitate connections between merchants and consumers.

Yicangyoupin

Angel Round in 2019
Yicang Youpin is engaged in the operation of domestic famous clothing brands, sports brands, business and leisure brands, shoes and leather goods brands, and children's wear brands. It has been involved in the new retail format of “multi-brand operation and cross-industry development”. Radiating the whole country with Xinxiang headquarters as the center, and franchise brand collection discount stores and brand collection stores in the domestic third- and fourth-tier cities and urban and rural layout lines, with the same business logo “Kamakura Excellent Products” for centralized sales, and entities The store drives the surrounding consumers to become online customers and brand promoters, and strives to create a new retail model of “stores + e-commerce + consumer ecosystem”.

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.

Shuashuakan

Angel Round in 2019
Beijing Shuashuakan Network Technology Co., Ltd. is a company that focuses on a short-video e-commerce application designed for user engagement in shopping experiences. Founded in 2018 and headquartered in Beijing, China, the platform allows users to share shopping-related videos, consume content, and interact through comments on videos shared by others. This model combines social interaction with e-commerce, enabling users to explore products and services in a visually engaging format.

Jijixian

Series A in 2019
Jijixian is a company based in Wuhan, China, that specializes in providing an e-commerce platform focused on fresh produce. The firm offers a delivery service that connects consumers with high-quality fresh food products, facilitating convenient access to these goods through its online platform. By streamlining the purchasing process, Jijixian aims to enhance the shopping experience for customers seeking fresh produce in the digital marketplace.

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.

Haoyiku

Series B in 2018
Haoyiku, founded in 2017 by Qiangqiang Wu and based in Hangzhou, China, operates as a community-based e-commerce platform specializing in apparel. The company is part of the Webuy/Jingling Group, which includes various brands and focuses on social e-commerce. Haoyiku allows merchants to share links to items for sale through WeChat, enabling customers to make direct purchases within the app. This business model leverages social media to enhance the shopping experience and facilitate connections between merchants and consumers.

Haoyiku

Series B in 2018
Haoyiku, founded in 2017 by Qiangqiang Wu and based in Hangzhou, China, operates as a community-based e-commerce platform specializing in apparel. The company is part of the Webuy/Jingling Group, which includes various brands and focuses on social e-commerce. Haoyiku allows merchants to share links to items for sale through WeChat, enabling customers to make direct purchases within the app. This business model leverages social media to enhance the shopping experience and facilitate connections between merchants and consumers.

ShengXianChuanQi

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

Letus Legend

Series B in 2018
Letus Legend is a supermarket chain based in Hefei, China, specializing in fresh food and kitchen supplies. Founded in 2015, the company offers a range of products through its physical stores and an application that facilitates online sales. Additionally, Letus Legend provides home delivery services to enhance customer convenience.

T11 Food Market

Angel Round in 2018
T11 Food Market offers grocery stores.

VETRESKA

Series A in 2018
Designer and retailer of domestic pet products designed to push the boundaries of imagination on pet products. The company caters to cats and dogs with each pet having a different product line; products include organic pet food, pet toys and resting areas enabling domestic pets to live healthier and more content lifestyles.

MagMode

Series C in 2018
MagMode is a men's fashion brand incubator. The company has opened three stores in Beijing, and plans to open more in other major cities in China. It also operates a mobile app featuring the latest international fashion trends and concepts. Initiated by editor-in-chief of the world’s top fashion magazine, fashion director, writer and artist, Magmode collaborates each season with fashion publishers, artists and designers from fashion’s origins including Europe and Japan in order to find and select the most promising designers of the season. Given proper consideration to subtle details, each collection is tailored to best fit Asian figures. By offering a cultural initiative to discuss possibilities of life, Magmode redefines fashion boutique through various means including workshops, photos, videos and publications, with absolute dedication to become an incubator and advocate for fashion and culture. Founded in 2015 by Cai Chongda, the company is headquartered in Minhang, Shanghai, China.

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.

Haoyiku

Series B in 2018
Haoyiku, founded in 2017 by Qiangqiang Wu and based in Hangzhou, China, operates as a community-based e-commerce platform specializing in apparel. The company is part of the Webuy/Jingling Group, which includes various brands and focuses on social e-commerce. Haoyiku allows merchants to share links to items for sale through WeChat, enabling customers to make direct purchases within the app. This business model leverages social media to enhance the shopping experience and facilitate connections between merchants and consumers.

Haoyiku

Series B in 2018
Haoyiku, founded in 2017 by Qiangqiang Wu and based in Hangzhou, China, operates as a community-based e-commerce platform specializing in apparel. The company is part of the Webuy/Jingling Group, which includes various brands and focuses on social e-commerce. Haoyiku allows merchants to share links to items for sale through WeChat, enabling customers to make direct purchases within the app. This business model leverages social media to enhance the shopping experience and facilitate connections between merchants and consumers.

Kilobaser

Funding Round in 2018
Zhengzhou Ziel Network Technology Co., Ltd. operates as an e-commerce export business which provides products for household, outdoor, office, sports, home textiles, beauty, and pet supplies. Zhengzhou Ziel Network Technology Co., Ltd. was formerly known as Zhengzhou Zhiou Import and Export Trade Co., Ltd. The company was founded in 2007 and is based in Zhengzhou, China.

Haoyiku

Series A in 2018
Haoyiku, founded in 2017 by Qiangqiang Wu and based in Hangzhou, China, operates as a community-based e-commerce platform specializing in apparel. The company is part of the Webuy/Jingling Group, which includes various brands and focuses on social e-commerce. Haoyiku allows merchants to share links to items for sale through WeChat, enabling customers to make direct purchases within the app. This business model leverages social media to enhance the shopping experience and facilitate connections between merchants and consumers.

Haoyiku

Series A in 2018
Haoyiku, founded in 2017 by Qiangqiang Wu and based in Hangzhou, China, operates as a community-based e-commerce platform specializing in apparel. The company is part of the Webuy/Jingling Group, which includes various brands and focuses on social e-commerce. Haoyiku allows merchants to share links to items for sale through WeChat, enabling customers to make direct purchases within the app. This business model leverages social media to enhance the shopping experience and facilitate connections between merchants and consumers.

ZaiLouXia

Series A in 2018
Beijing Zailouxia Technology Co., Ltd. operates an unmanned convenience store that provides a range of products, including snacks, fresh produce, and groceries. Founded in 2017 and based in Beijing, China, the company utilizes an Online-to-Offline (O2O) model, allowing customers to access its online portal through a WeChat mini program. This approach enhances convenience for users by integrating online shopping with physical store experiences.

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.

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.

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.

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.

YCloset

Series C in 2017
YCloset was an online platform based in Beijing that offered a clothing rental and shopping service specifically for women. Founded in 2015, the platform allowed users to enroll for a monthly fee, enabling them to rent clothes and accessories without additional charges for individual items. YCloset operated in approximately 40 cities across China, including major urban centers like Beijing, Shanghai, Guangzhou, and Shenzhen. The company partnered with over a hundred fashion brands to provide a diverse selection of rental options, helping women stay current with fashion trends without the need to purchase new clothing. However, YCloset announced its closure, ceasing operations by August 15, 2021.

Epet

Series B in 2017
Chongqing Yichong Technology Co., Ltd. operates a pet e-commerce platform. The firm was founded in 2008 and is headquartered in Chongqing, China.

MagMode

Series B in 2017
MagMode is a men's fashion brand incubator. The company has opened three stores in Beijing, and plans to open more in other major cities in China. It also operates a mobile app featuring the latest international fashion trends and concepts. Initiated by editor-in-chief of the world’s top fashion magazine, fashion director, writer and artist, Magmode collaborates each season with fashion publishers, artists and designers from fashion’s origins including Europe and Japan in order to find and select the most promising designers of the season. Given proper consideration to subtle details, each collection is tailored to best fit Asian figures. By offering a cultural initiative to discuss possibilities of life, Magmode redefines fashion boutique through various means including workshops, photos, videos and publications, with absolute dedication to become an incubator and advocate for fashion and culture. Founded in 2015 by Cai Chongda, the company is headquartered in Minhang, Shanghai, China.

DMALL

Series A in 2017
Dmall(Beijing)E-commerce Co.,Ltd designs and develops mobile application for selection and delivery of goods from supermarket. The application detects the user’s location and shows the stock of supermarkets which are in range. Dmall(Beijing)E-commerce Co.,Ltd was founded in 2015 and is based in Beijing, China.

YCloset

Series B in 2017
YCloset was an online platform based in Beijing that offered a clothing rental and shopping service specifically for women. Founded in 2015, the platform allowed users to enroll for a monthly fee, enabling them to rent clothes and accessories without additional charges for individual items. YCloset operated in approximately 40 cities across China, including major urban centers like Beijing, Shanghai, Guangzhou, and Shenzhen. The company partnered with over a hundred fashion brands to provide a diverse selection of rental options, helping women stay current with fashion trends without the need to purchase new clothing. However, YCloset announced its closure, ceasing operations by August 15, 2021.

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.

MagMode

Series A in 2016
MagMode is a men's fashion brand incubator. The company has opened three stores in Beijing, and plans to open more in other major cities in China. It also operates a mobile app featuring the latest international fashion trends and concepts. Initiated by editor-in-chief of the world’s top fashion magazine, fashion director, writer and artist, Magmode collaborates each season with fashion publishers, artists and designers from fashion’s origins including Europe and Japan in order to find and select the most promising designers of the season. Given proper consideration to subtle details, each collection is tailored to best fit Asian figures. By offering a cultural initiative to discuss possibilities of life, Magmode redefines fashion boutique through various means including workshops, photos, videos and publications, with absolute dedication to become an incubator and advocate for fashion and culture. Founded in 2015 by Cai Chongda, the company is headquartered in Minhang, Shanghai, China.

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.

Pinduoduo

Series B in 2016
Pinduoduo operates an e-commerce platform in China, allowing users to engage in group buying deals primarily through Tencent's WeChat app. Founded in 2015 and headquartered in Shanghai, Pinduoduo offers a diverse range of products including apparel, electronics, household goods, and food items. The platform aims to facilitate access to the digital economy for local communities and small businesses, enhancing productivity and creating new opportunities. Pinduoduo has developed a robust network of sourcing, logistics, and fulfillment capabilities to support its operations and improve customer experience.

LUX

Series A in 2016
Lux is a mobile shopping app based in the San Francisco Bay Area. Lux's mission is to find inspired products to light a customer's day. Every week, Lux launches new brands in Home, Accessories, and Gifts. Each items is hand-picked, one-of-a-kind. Lux is committed to authenticity and the world of designers, both undiscovered and iconic.

MagMode

Seed Round in 2016
MagMode is a men's fashion brand incubator. The company has opened three stores in Beijing, and plans to open more in other major cities in China. It also operates a mobile app featuring the latest international fashion trends and concepts. Initiated by editor-in-chief of the world’s top fashion magazine, fashion director, writer and artist, Magmode collaborates each season with fashion publishers, artists and designers from fashion’s origins including Europe and Japan in order to find and select the most promising designers of the season. Given proper consideration to subtle details, each collection is tailored to best fit Asian figures. By offering a cultural initiative to discuss possibilities of life, Magmode redefines fashion boutique through various means including workshops, photos, videos and publications, with absolute dedication to become an incubator and advocate for fashion and culture. Founded in 2015 by Cai Chongda, the company is headquartered in Minhang, Shanghai, China.
WonderFull (Wandou Gongzhu) provides the most accurate and professional Japanese products and services.

Farfetch

Series F in 2016
Farfetch operates an online luxury fashion retail platform that connects various independent boutiques worldwide. Founded in 2008 by Jose Neves and headquartered in London, the company offers a wide range of products, including bags, coats, dresses, jackets, jewelry, swimwear, trousers, shoes, knitwear, suits, shorts, and accessories for women, men, and children. Farfetch's modular technology platform is designed to meet the complex needs of consumers and luxury sellers, featuring an API-enabled proprietary technology stack that supports applications, services, and data management. Additionally, Farfetch has a dedicated division, Farfetch China, which focuses on enhancing connections within the luxury fashion industry in that market.

YCloset

Series A in 2016
YCloset was an online platform based in Beijing that offered a clothing rental and shopping service specifically for women. Founded in 2015, the platform allowed users to enroll for a monthly fee, enabling them to rent clothes and accessories without additional charges for individual items. YCloset operated in approximately 40 cities across China, including major urban centers like Beijing, Shanghai, Guangzhou, and Shenzhen. The company partnered with over a hundred fashion brands to provide a diverse selection of rental options, helping women stay current with fashion trends without the need to purchase new clothing. However, YCloset announced its closure, ceasing operations by August 15, 2021.

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.

XY Mens

Series A in 2016
XY Mens is an e-commerce platform specializing in men's fashion products, headquartered in Beijing, China. Founded in 2014, the company offers a diverse range of categories including clothing, skincare, footwear, and accessories. Its platform features a discount zone, a gift area, and a duty-free import section, catering to various customer needs. Additionally, XY Mens publishes original content related to men's fashion and lifestyle, providing customers with the latest trends, clothing tips, and product guides. This approach aims to enhance the quality of life for male consumers by combining retail offerings with informative resources.

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.

PDD Holdings

Series A in 2015
PDD Holdings (Nasdaq: PDD) is a multinational commerce group that owns and operates a portfolio of businesses. PDD Holdings aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD Holdings has built a network of sourcing, logistics, and fulfillment capabilities, that support its underlying businesses.

YouChe.com

Series B in 2015
YouChe.com is a Chinese online trading platform specializing in second-hand cars. It operates under a business-to-consumer (B2C) and online-to-offline (O2O) model, facilitating the trading of used vehicles. The platform offers a comprehensive range of services, including vehicle trading and financing options, to assist customers in their purchasing decisions. By combining digital and physical elements, YouChe.com aims to streamline the process of buying and selling second-hand cars, catering to the needs of both individual consumers and the broader automotive market.

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.

Shifu.com

Series A in 2015
Shifu provides the best product reviews, product comparisons, and buying guides. We provide comprehensive and unbiased reviews of products we use every day. We spent thousands of hours trying and working with the products we review so you can make the best buying decision.

Nattitude

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

Iwode

Series B in 2015
Operator of a tailored menswear, womenswear, and kidswear chain in China providing customized apparel. Operator of a suits tailor chain in China providing customized apparel. The company partners with sustainable suppliers and renowned designers and is committed to providing world-class, individualized tailor services for a wide range of occasions including business, wedding and leisure.

DMALL

Angel Round in 2015
Dmall(Beijing)E-commerce Co.,Ltd designs and develops mobile application for selection and delivery of goods from supermarket. The application detects the user’s location and shows the stock of supermarkets which are in range. Dmall(Beijing)E-commerce Co.,Ltd was founded in 2015 and is based in Beijing, China.

700Bike

Series A in 2015
700Bike Inc. is an online platform based in Beijing, China, dedicated to promoting cycling culture and lifestyle. Founded in 2012, the company aims to blend fashion and trend with cycling, encouraging a modern approach to exercise and transportation. It serves as a community hub for cycling enthusiasts, fostering a deeper appreciation of bicycle culture through various events and media initiatives. Over its early years, 700Bike established itself as a pioneer in the cycling media sector, hosting influential events that attracted nearly 10,000 participants. In addition to its cultural initiatives, 700Bike also designs and manufactures a range of innovative bicycles that cater to the growing consumer demand for stylish and practical cycling options.

BeiBei

Series C in 2015
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.

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.

Wantu

Series A in 2014
Wantu is a travel service platform that focuses on serving outbound travel of China's free travel users. It provides a full range of services before, during, and after the free travel for outbound travel from airline hotel booking, itinerary project experience booking, to overseas merchant mobile payment network coverage, and after the end consumption. It was established in 2014.

Peach

Seed Round in 2014
Peach is a fashion and luxury company that holds 9-minute private auctions for quality goods and designer brands. The company was founded by Jeff Zhang in October 2014 and is based in Berkeley, California.

BeiBei

Series B in 2014
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.

Womai

Series B in 2014
Womai Co., Ltd. owns and operates an online food retailing platform in China. The company offers imported food, fresh fruits and vegetables, grain and oil rice noodles, local specialties, snack food, brewed drinks, biscuit cakes, baby food, alcohol, and tea. It was founded in 2008 and is based in Beijing, China. Womai Co., Ltd. operates as a subsidiary COFCO Corporation. Womai Co., Ltd. operates as a subsidiary of COFCO Corporation

Secoo

Series D in 2014
Secoo Holding Limited operates a comprehensive online and offline shopping platform primarily in China, Hong Kong, and internationally. Founded in 2011 and headquartered in Beijing, the company offers a wide range of upscale products and services, including luxury bags, watches, clothing, cosmetics, and home goods, through its website, mobile applications, and physical experience centers. Additionally, Secoo serves as a marketplace for third-party merchants to sell their upscale products. The company's business model integrates offline stores with an online mall, facilitating direct sales to consumers. Secoo has established strategic partnerships, including an alliance with Parkson Group, and plans to expand its presence through exhibition centers in major cities. The majority of its revenue is generated from online sales, with a significant customer base that includes a large number of VIP members.

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.

YouChe.com

Series A in 2014
YouChe.com is a Chinese online trading platform specializing in second-hand cars. It operates under a business-to-consumer (B2C) and online-to-offline (O2O) model, facilitating the trading of used vehicles. The platform offers a comprehensive range of services, including vehicle trading and financing options, to assist customers in their purchasing decisions. By combining digital and physical elements, YouChe.com aims to streamline the process of buying and selling second-hand cars, catering to the needs of both individual consumers and the broader automotive market.

MOGU

Series D in 2014
MOGU is an consumer platform aimed towards women, achieved through e-commerce, social media, influencers and content driven services. Their content covers all areas of the fashion world and they have a huge range of age groups and interest covered through their numerous apps and platform. MOGU Inc. is a destination of fashion. With various kinds of fashion content and abundant fashion products, MOGU Inc. allows people to discover and share fashion trends while fully enjoying high-quality shopping experience. In 2011, MOGU Inc. launched fashion platform under the Mogujie brand . In 2016, the merger of Mogujie and Meilishuo was completed.Currently, MOGU Inc.'s online platform includes Mogujie.com and Meilishuo.com websites, mogujie mobile app, Meilishuo mobile app, Uni mobile app and several WeChat Mini programs.

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.

LUX

Angel Round in 2014
Lux is a mobile shopping app based in the San Francisco Bay Area. Lux's mission is to find inspired products to light a customer's day. Every week, Lux launches new brands in Home, Accessories, and Gifts. Each items is hand-picked, one-of-a-kind. Lux is committed to authenticity and the world of designers, both undiscovered and iconic.

Daling

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

VANCL

Series G in 2014
VANCL retails apparel, accessories, footwear, luggage, and textiles online. It markets shirts, T-shirts, trousers, pants, shorts, dresses, silk ties, belts, caps, scarves, sunglasses, shoes, sandals, socks, handbags, luggage, backpacks, bedsheets, and towels. VANCL has both online and physical stores. Chen Nian founded it in 2007, with its headquarters in Beijing in China.

Yinman

Venture Round in 2014
Chinese fashion

Daling

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

Yoka

Series C in 2013
Yoka.com is a Chinese online platform dedicated to high-end fashion and lifestyle, catering to affluent consumers who value premium brands and quality living. Founded in 2006 and based in Beijing, the company operates as a comprehensive sub-brand of Trends Media Group, which publishes 17 magazines, including well-known titles such as Cosmopolitan and Harper's Bazaar. Yoka.com offers a diverse range of fashion information, products, and services, including beauty and makeup, aimed at high-income users. In 2013, the company secured $15 million in Series A funding, attracting investment from prominent firms like Baidu and Hearst Corporation. Through strategic partnerships and joint ventures with international media organizations, Yoka.com embodies the principle of "Think Global, Act Local."

VANCL

Series G in 2013
VANCL retails apparel, accessories, footwear, luggage, and textiles online. It markets shirts, T-shirts, trousers, pants, shorts, dresses, silk ties, belts, caps, scarves, sunglasses, shoes, sandals, socks, handbags, luggage, backpacks, bedsheets, and towels. VANCL has both online and physical stores. Chen Nian founded it in 2007, with its headquarters in Beijing in China.

HaiTaoCheng.com

Series C in 2013
HaiTaoCheng is an E-Commerce Website

Secoo

Series C in 2013
Secoo Holding Limited operates a comprehensive online and offline shopping platform primarily in China, Hong Kong, and internationally. Founded in 2011 and headquartered in Beijing, the company offers a wide range of upscale products and services, including luxury bags, watches, clothing, cosmetics, and home goods, through its website, mobile applications, and physical experience centers. Additionally, Secoo serves as a marketplace for third-party merchants to sell their upscale products. The company's business model integrates offline stores with an online mall, facilitating direct sales to consumers. Secoo has established strategic partnerships, including an alliance with Parkson Group, and plans to expand its presence through exhibition centers in major cities. The majority of its revenue is generated from online sales, with a significant customer base that includes a large number of VIP members.

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.
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