About Beijing Shihui Technology
Beijing Shihui Technology is a Retail company based in Chaoyang (China) founded in 2018 by Wang Peng and Youhaoshi. It operates as a group buying of groceries is facilitated through an online platform. It operates in the Retail and Agriculture sectors. Beijing Shihui Technology has raised $1.21 billion across 6 funding rounds from investors including Alibaba.com, Alibaba Group and CICC. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Fruits and Vegetables. Its competitors include Deliveroo, Dingdong Maicai, Missfresh, Womai and Benlai and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
Beijing Shihui Technology was founded in 2018 in Chaoyang, China, as an online platform in the grocery distribution sector. Group buying is enabled for farm produce, connecting farmers, retailers, and other participants in the food retail chain. Neighborhood stores are listed for customers to complete group purchases, supporting operations across the region.
- Headquarters Chaoyang, China
- Founders Wang Peng, Youhaoshi
- Stage Unicorn
- SectorsRetailAgriculture
- Phone•••• ••••
- Website nicetuan.net
- Total Equity Funding$1.21B (USD)
in 6 rounds
- Latest Funding Round$750M (USD), Series D
Mar 2021
- InvestorsAlibaba.com
& 21 more
Funding Insights of Beijing Shihui Technology
Beijing Shihui Technology has successfully raised a total of $1.21B across 6 strategic funding rounds. The most recent funding activity was a Series D round of $750 million completed in March 2021. 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 $1.21B
- Total Rounds 6
- Last Round Series D — $750M
- First Round $14.63M
(Aug 2018)
- Investors Count 22
All 6 funding rounds of Beijing Shihui Technology 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 2021 | $750M | Series D | – | Alibaba, DST Global | |
| Nov 2020 | $196M | Series C | – | Alibaba Group, Jeneration | |
| Jul 2020 | $80M | Series C | – | CDH | |
| Jun 2020 | $81.4M | Series C | – | GGV Capital | |
| Jan 2020 | $88.3M | Series C | – | Joy Capital, Qiming Venture Partners | – |
| Aug 2018 | $14.63M | Series B | – | Zhen Fund, Qiming Venture Partners | – |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Beijing Shihui Technology
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22 investors in total: 22 institutional.
Investors in Beijing Shihui Technology
Beijing Shihui Technology has secured backing from 22 investors, including institutional and venture fund investors. Prominent investors backing the company include Alibaba.com, Alibaba Group and CICC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investment firm | – | dst-global.com | Menlo Park, United States | |
Venture and private equity firm | – | jeneration.com | Palo Alto, United States | |
Private equity and private debt firm focused on multiple sectors | – | cdhfund.com | Kowloon, China | |
Venture capital is invested in cybersecurity, fintech, and AI startups. | – | ggvc.com | Menlo Park, United States | |
Private equity investments are made in technology-enabled growth companies. | – | dragoneer.com | San Francisco, United States | |
Kunlun Capital is involved in financial investment activities. | – | kunluncapital.com | Singapore, Singapore | |
Private equity investments in China are managed by Cygnus Equity. | – | cygnusequity.com | - | |
Venture capital investments are directed toward multiple sectors. | 2006 | qimingvc.com | Shanghai, China | |
Private equity is managed by Kunlun Fund across multiple sectors. | – | kunlunfund.com.cn | Beijing, China | |
Venture capital firm focused on the technology, media & telecom sector | – | joycapital.com.cn | Chaoyang, China |
Investor details for Beijing Shihui Technology
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People of Beijing Shihui Technology
2 people are tracked at Beijing Shihui Technology (2 in leadership).
| Name | Role | Group |
|---|---|---|
Wang Peng | Co-Founder | Leadership |
Youhaoshi | Founder | Leadership |
Complete people profiles for Beijing Shihui Technology
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Timeline of Beijing Shihui Technology
4 dated milestones of Beijing Shihui Technology across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Beijing Shihui Technology is founded.
- Funding First funding round of $14.6M.
- Funding Latest funding round, Series D, of $750.0M.
- Milestone Reaches Unicorn status.
Competitors of Beijing Shihui Technology
Beijing Shihui Technology has 9 listed competitors in our database, 9 of them funded. They include Deliveroo, Dingdong Maicai, Missfresh, Womai and Benlai, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| deliveroo.co.uk | 2013 | London, United Kingdom | $2.95B | 2,158 | Platform offering food and grocery delivery services | |
| 100.me | 2017 | Shanghai, China | $1.33B | – | Online retailer of grocery products | |
| missfresh.cn | 2014 | Beijing, China | $1.7B | – | Multi-category grocery products are delivered through an app-based platform. | |
| womai.com | 2009 | Beijing, China | $330M | – | Imported groceries are retailed online by Womai to Chinese consumers. | |
| benlai.com | 2012 | Beijing, China | $317M | – | Premium groceries are ordered through an online platform. | |
| ztore.com | 2015 | Hong Kong, China | $8M | – | Online grocery retailer | |
| yiguo.com | 2005 | Shanghai, China | $300M | – | Grocery supplies are retailed online by Yiguo. | |
| xsyxsc.com | 2013 | Changsha, China | $4.94B | – | Multi-category grocery products are provided via an online community platform. | |
| freshfresh.com | 2013 | Shanghai, China | $40M | – | Online platform to order farm fresh groceries |
Detailed competitors of Beijing Shihui Technology
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Top companies in Food & Grocery Retail
10 companies that operate in the same segment as Beijing Shihui Technology (Food & Grocery Retail), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Meal recipe kits are delivered through a weekly subscription service. | 2011 | Berlin, Berlin, Germany | USD 367.28 M | USD 1.51 B | 17,595 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | 15,437 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | – | 11,913 | |
Multi-category products are delivered quickly through an online platform. | 2020 | Bengaluru, Karnataka, India | USD 2.35 B | USD 344.05 K | 40,578 | |
Organic groceries are offered through an online membership platform. | 2013 | Los Angeles, California, United States | USD 332.18 M | – | – | |
Online marketplace platform offering multi-category grocery products | 2012 | San Francisco, California, United States | USD 2.93 B | USD 3.74 B | 25,408 | |
Platform offering food and grocery delivery services | 2013 | London, England, United Kingdom | USD 2.95 B | USD 2.59 B | 11,488 |
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Frequently Asked Questions about Beijing Shihui Technology
Beijing Shihui Technology was founded in 2018.
Beijing Shihui Technology is headquartered in Chaoyang, China. It is registered at Chaoyang, Liaoning, China.
Beijing Shihui Technology is a funded company, having raised a total of $1.21B across 6 funding rounds to date. The company's 1st funding round was a Series B of $14.63M, raised on Aug 2018.
Beijing Shihui Technology was founded in 2018 in Chaoyang, China, as an online platform in the grocery distribution sector. Group buying is enabled for farm produce, connecting farmers, retailers, and other participants in the food retail chain. Neighborhood stores are listed for customers to complete group purchases, supporting operations across the region.
Beijing Shihui Technology's top competitors include Deliveroo, Dingdong Maicai and Missfresh.
Beijing Shihui Technology has 22 investors. Key investors include Alibaba.com, Alibaba Group, CICC, D. E. Shaw Group, and Qiming Venture Partners.