Baiwang

Beijing, China Founded: 2015 • Age: 11 yrs
Electronic invoicing and invoice management services are provided to businesses.
Annual revenue $92.0M Latest available
Total funding $147.4M 3 rounds
Employees 934 Tracked headcount
Investors 5 Known backers
Products - Services tracked
Competitors 10 Brand Intelligence

About Baiwang

Baiwang is a company based in Beijing (China) founded in 2015. Baiwang has raised $147.4 million across 3 funding rounds from investors including Tencent, Alibaba Group and Shenzhen Capital Group. The company has 934 employees as of December 31, 2024. Baiwang operates in a competitive market with competitors including Qonto, Melio, Lili, Azets and Settle, among others.

  • Headquarter Beijing, China
  • Employees 934 as on 31 Dec, 2024
  • Stage Public
  • Sectors
    Technology
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Baiwang Co., Ltd. Class H
Operational Areas
Technology → Marketing, Adtech & Commerce Technology Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $92.03 M (USD)
    -9.28
    as on Dec 31, 2024
  • Net Profit
    -$69.97 M (USD)
    -37.38
    as on Dec 31, 2024
  • EBITDA
    -$21.87 M (USD)
    41.58
    as on Dec 31, 2024
  • Total Equity Funding
    $147.4 M (USD)

    in 3 rounds

  • Latest Funding Round
    Not available
  • Investors
    Tencent

    & 4 more

  • Employee Count
    934

    as on Dec 31, 2024

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IPO & Listings of Baiwang

Baiwang is a publicly listed company on the HKEX with ticker symbol 6657 in Hong Kong, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

Exchange: HKEX · Ticker: 6657 · Sector: Technology services · Hong Kong

Funding Insights of Baiwang

Baiwang has successfully raised a total of $147.4M across 3 strategic funding rounds. 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.

Investors in Baiwang

Baiwang has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Tencent, Alibaba Group and Shenzhen Capital Group.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture capital, equity investment, and fund management services in China.
Locked Locked Locked
Multiple sectors are invested in by Oriental Fortune Capital.
Locked Locked Locked
-
Locked Locked Locked
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Investor details for Baiwang

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Investments & Acquisitions by Baiwang

Investments
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Investment portfolio details for Baiwang

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Financial Statements - Baiwang

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Detailed financials for Baiwang

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Baiwang Comparisons

Baiwang Primary company
Description
Electronic invoicing and invoice management services are pro...
Location
Beijing, China
Founded Year
2015
Annual Revenue
$92.03 M (USD)
Net Profit
-$69.97 M (USD)
EBITDA
-$21.87 M (USD)
Employees
934
As of 2024
Premium access

Peer comparison for Baiwang

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Competitors of Baiwang

Baiwang operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Qonto, Melio, Lili, Azets and Settle, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Subscription-based online banking is offered to SMEs and freelancers.
Locked Locked Locked
Blood-based pathogen detection devices are manufactured for healthcare applications.
Locked Locked Locked
Digital banking services are offered to freelancers.
Locked Locked Locked
Online accounting, tax, and audit management services for small businesses
Locked Locked Locked
Cloud-based cash flow management is provided for payers and vendors.
Locked Locked Locked
AI and cloud-enabled source-to-pay automation solutions are provided for businesses.
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Detailed competitors of Baiwang

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Latest news on Baiwang

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Complete news archive for Baiwang

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Frequently Asked Questions about Baiwang

Baiwang was founded in 2015 and raised its 1st funding round 4 years after it was founded.

Baiwang is headquartered in Beijing, China.

Baiwang is a funded company, having raised a total of $147.4M across 3 funding rounds to date.

As of Dec 31, 2024, the latest employee count at Baiwang is 934.

Annual revenue of Baiwang is $92.03M as on Dec 31, 2024.

Baiwang was founded in 2015 and is based in Beijing, China. Operations focus on the invoice management sector, where electronic invoicing, mobile billing applications, invoice collection, sales invoice management, and VAT invoicing are offered. Supply chain collaboration, invoice financing, settlement billing, and invoice inspection services are also provided to support business processes.

Baiwang's top competitors include Qonto, Lili and Routable.

Yes, Baiwang is publicly traded on HKEX under the ticker symbol 6657.

Baiwang has 5 investors. Key investors include Tencent, Alibaba Group, Shenzhen Capital Group, Oriental Fortune Capital, and ZHRM Fund.

The ticker symbol of Baiwang is 6657 on HKEX.

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