About 1688.com
1688.com is a Retail company based in Hangzhou (China) founded in 1999. It operates as an an online B2B wholesale marketplace is operated in China. 1688.com has raised $5.08 million across 1 funding round from investors including Zhongyu Capital. Its website 1688.com draws about 32.6 million monthly visits. Its focus areas include B2B E-Commerce, Horizontal and Marketplace. Its competitors include DHgate, Made-In-China, CCCME, Xyb2b and HKTDC and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
Founded in 1999 and headquartered in Hangzhou, China, 1688.com functions as a B2B wholesale platform within the Alibaba Group. Domestic wholesalers are connected to merchants sourcing products for retail marketplaces. Offerings span consumer goods, industrial supplies, metals, and diverse categories. Operations focus on facilitating wholesale transactions across various sectors in the Chinese e-commerce landscape.
- Headquarters Hangzhou, China
- SectorsRetail
- Website 1688.com
- Total Equity Funding$5.08M (USD)
in 1 rounds
- Latest Funding Round$5.08M (USD), Series A
Mar 2017
- Investors
Funding Insights of 1688.com
1688.com has successfully raised a total of $5.08M through 1 strategic funding round. The most recent funding activity was a Series A round of $5.08 million completed in March 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.08M
- Total Rounds 1
- Last Round Series A — $5.08M
- First Round $5.08M
(Mar 2017)
- Investors Count 1
All 1 funding rounds of 1688.com with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2017 | $5.08M | Series A | – | – |
1 investors in total: 1 institutional.
Investors in 1688.com
1688.com has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Zhongyu Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | cgcapital.com.cn | - |
Investor details for 1688.com
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of 1688.com
2 dated milestones of 1688.com across 18 years, from founding to its latest funding, stage changes and deals.
- Founded 1688.com is founded.
- Funding First funding round of $5.1M.
Competitors of 1688.com
1688.com has 8 listed competitors in our database, 6 of them funded. They include DHgate, Made-In-China, CCCME, Xyb2b and HKTDC, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dhgate.com | 2004 | Beijing, China | $45.52M | – | Cross-border B2B wholesale marketplace is operated for small-scale sellers. | |
| made-in-china.com | 1996 | Nanjing, China | – | – | Listing Platform connecting buyers, manufacturers and products | |
| cccme.org.cn | 1988 | Beijing, China | $9.41M | – | Listing platform for Chinese machinery and electronics businesses is maintained. | |
| xyb2b.com | 2015 | Shenzhen, China | $149.46M | – | B2B cross-border marketplace for maternity and beauty products | |
| hktdc.com | 1966 | Hong Kong, China | – | – | Operates an online B2B listing platform for multi-category products. | |
| china.cn | 2006 | Beijing, China | $7M | – | Online B2B listing platform which connects global buyers | |
| aikucun.com | 2017 | Shanghai, China | $213M | – | Online crowdsourcing distribution platform | |
| markato.com | 2023 | Hong Kong, China | $5M | – | B2B wholesale marketplace for multi-category products is operated. |
Detailed competitors of 1688.com
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of 1688.com
The website of 1688.com (1688.com) receives about 32.6M visits a month.
- Monthly visits32.6M
▼ 5.3% vs previous month
Websites whose visitors overlap most with 1688.com. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| taobao.com | 100% | 187.6M | #129 | View details | |
| alibaba.com | 78% | 171.9M | #199 | View details | |
aliprice.com | aliprice.com | 77% | – | #28,668 | – |
| jd.com | 76% | 79.4M | #314 | View details | |
| amazon.com | 67% | 2.7B | #9 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for 1688.com
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in B2B Marketplaces & Wholesale
10 companies that operate in the same segment as 1688.com (B2B Marketplaces & Wholesale), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
E-commerce storefront solutions are provided for online businesses. | 2006 | Ottawa, Ontario, Canada | USD 122.25 M | USD 8.45 B | 30,125 | |
Online B2B marketplace connecting buyers and suppliers of diverse industrial products | 1999 | Noida, Uttar Pradesh, India | USD 37.24 M | USD 167.23 M | 6,100 | |
Multi-category products are supplied via a B2B marketplace platform. | 2015 | Singapore, Singapore, Singapore | USD 470.85 M | USD 642.28 M | 1,331 | |
Multi-category products are facilitated through an online B2B cross-border marketplace. | 1999 | New York, New York, United States | – | USD 144.12 B | 124,320 | |
Online catering marketplace for enterprises | 2007 | Boston, Massachusetts, United States | USD 435.92 M | – | 923 | |
Platform for on-demand distributed manufacturing and prototyping is provided. | 2013 | Gaithersburg, Maryland, United States | USD 200.44 M | USD 686.63 M | 1,090 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 783.57 M | USD 1.43 B | 2,645 | |
SaaS-based collaborative commerce solutions are provided for brands and retailers. | 2000 | New York, New York, United States | USD 365 M | USD 240.52 M | 2,144 | |
Online application marketplace | 2009 | San Francisco, California, United States | USD 437.8 M | USD 7.59 M | 1,193 | |
Cross-border B2B wholesale marketplace is operated for small-scale sellers. | 2004 | Beijing, China | USD 45.52 M | – | – |
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Frequently Asked Questions about 1688.com
1688.com was founded in 1999 and raised its 1st funding round 18 years after it was founded.
1688.com is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
1688.com is a funded company, having raised a total of $5.08M across 1 funding round to date. The company's 1st funding round was a Series A of $5.08M, raised on Mar 2017.
Founded in 1999 and headquartered in Hangzhou, China, 1688.com functions as a B2B wholesale platform within the Alibaba Group. Domestic wholesalers are connected to merchants sourcing products for retail marketplaces. Offerings span consumer goods, industrial supplies, metals, and diverse categories. Operations focus on facilitating wholesale transactions across various sectors in the Chinese e-commerce landscape.
1688.com's top competitors include DHgate, Made-In-China and CCCME.
1688.com has 1 investor. Key investors include Zhongyu Capital.
The website of 1688.com receives about 32.6 million visits a month.