About 365Fanyi
365Fanyi is a Technology company based in Beijing (China) founded in 2011, and was acquired by Alibaba Group in August 2015. Translation services are crowdsourced via an expert-matching marketplace. The company was acqui-hired. Its focus areas include Enterprise Applications, HRTech, Freelancer Marketplace and Translation.
Company details
365Fanyi was founded in 2011 in Beijing, China, as a platform in the translation services sector. Tasks are allocated automatically to translators based on their field expertise through a management system. Quality is maintained as works are proofread by peer translators. The company was acquired by Alibaba in August 2015 to aid small and medium enterprises in overcoming language barriers for cross-border e-commerce.
- Headquarters Beijing, China
- Stage Acquired
- SectorsTechnology
- Website 365fanyi.com
- Acquired by Alibaba Group (Aug 2015)
- InvestorsAlibaba Group
& 2 more
- Acquired byAlibaba Group
(Aug 2015)
Funding Insights of 365Fanyi
- Total Rounds 2
- Investors Count 2
All 2 funding rounds of 365Fanyi 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 |
|---|---|---|---|---|---|
| Dec 2012 | Series B | – | – | ||
| Dec 2011 | Series A | – | – |
3 investors in total: 3 institutional.
Investors in 365Fanyi
365Fanyi has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Alibaba Group, CBC Capital and Zhen Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in TMT & other tech sectors | cbc-capital.com | Beijing, China | ||
Tech & Offline focused Seed stage VC Firm investing primarily in Asia and the US | zhenfund.com | Beijing, China | ||
Conglomerate group operating a portfolio of businesses | 1999 | alibabagroup.com | Hangzhou, China |
Investor details for 365Fanyi
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 365Fanyi
4 dated milestones of 365Fanyi across 4 years, from founding to its latest funding, stage changes and deals.
- Founded 365Fanyi is founded.
- Funding First funding round.
- Funding Latest funding round, Series B,.
- Exit Acquired by Alibaba Group.
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Frequently Asked Questions about 365Fanyi
365Fanyi was founded in 2011.
365Fanyi is headquartered in Beijing, China.
365Fanyi was founded in 2011 in Beijing, China, as a platform in the translation services sector. Tasks are allocated automatically to translators based on their field expertise through a management system. Quality is maintained as works are proofread by peer translators. The company was acquired by Alibaba in August 2015 to aid small and medium enterprises in overcoming language barriers for cross-border e-commerce.
365Fanyi has 3 investors. Key investors include Alibaba Group, CBC Capital, and Zhen Fund.
Yes. 365Fanyi was acquired by Alibaba Group in August 2015.