About Beijing Tongcheng Bing Technology
Beijing Tongcheng Bing Technology is a company based in Beijing (China) founded in 2014 by Peng Xue.. Beijing Tongcheng Bing Technology has raised $345 million across 9 funding rounds from investors including Hearst, Susquehanna and Shunwei Capital. The company has 1,050 employees as of December 31, 2024. Beijing Tongcheng Bing Technology operates in a competitive market with competitors including Grab, Dada Group, SF Intracity, Kin Shun Information Technology and Shundao, among others.
- Headquarter Beijing, China
- Employees 1050 as on 31 Dec, 2024
- Founders Peng Xue
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bingex Limited Sponsored Adr
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Annual Revenue
$620.85 M-2.87as on Dec 31, 2024
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Net Profit
$-36.15 M-614.52as on Dec 31, 2024
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EBITDA
$-3.17 M-244.5as on Dec 31, 2024
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Total Equity Funding
$345 M (USD)
in 9 rounds
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Latest Funding Round
$125 M (USD), Series D
Mar 30, 2021
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Investors
Hearst
& 19 more
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Employee Count
1050
as on Dec 31, 2024
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IPO & Listings of Beijing Tongcheng Bing Technology
Beijing Tongcheng Bing Technology is a publicly listed company on the NASDAQ with ticker symbol FLX in USA, operating in the Transportation 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.
Funding Insights of Beijing Tongcheng Bing Technology
Beijing Tongcheng Bing Technology has successfully raised a total of $345M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $125 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 Total Funding
- Total Rounds 9
- Last Round Series D — $125.0M
- First Round First Round
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series D - Beijing Tongcheng Bing Technology | Valuation |
investors |
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| Aug, 2018 | Amount | Series D - Beijing Tongcheng Bing Technology | Valuation | Oceanpine Capital , N5Capital | |
| Aug, 2017 | Amount | Series C - Beijing Tongcheng Bing Technology | Valuation | WestSummit |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Beijing Tongcheng Bing Technology
Beijing Tongcheng Bing Technology has secured backing from 20 investors, including venture fund and institutional investors. Prominent investors backing the company include Hearst, Susquehanna and Shunwei Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund focused on mobile, internet, deep technology, rural internet, AI, and multiple sectors
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Founded Year | Domain | Location | |
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Early-stage tech investments in China are managed by N5Capital.
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Founded Year | Domain | Location | |
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Global innovation is invested in across public and private markets.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Beijing Tongcheng Bing Technology
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Beijing Tongcheng Bing Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Beijing Tongcheng Bing Technology Comparisons
Competitors of Beijing Tongcheng Bing Technology
Beijing Tongcheng Bing Technology 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 Grab, Dada Group, SF Intracity, Kin Shun Information Technology and Shundao, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ride-hailing and on-demand delivery services are aggregated via mobile app.
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| domain | founded_year | HQ Location |
Hyper-local delivery platform for goods and documents is operated.
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| domain | founded_year | HQ Location |
Platform offering multi-category delivery services
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| domain | founded_year | HQ Location |
A SaaS platform that enables booking of hyperlocal delivery services for businesses.
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| domain | founded_year | HQ Location |
Web-based platform for car-hailing and hyper-local delivery services is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Beijing Tongcheng Bing Technology
Frequently Asked Questions about Beijing Tongcheng Bing Technology
When was Beijing Tongcheng Bing Technology founded?
Beijing Tongcheng Bing Technology was founded in 2014.
Where is Beijing Tongcheng Bing Technology located?
Beijing Tongcheng Bing Technology is headquartered in Beijing, China.
Who is the current CEO of Beijing Tongcheng Bing Technology?
Peng Xue is the current CEO of Beijing Tongcheng Bing Technology. They have also founded this company.
Is Beijing Tongcheng Bing Technology a funded company?
Beijing Tongcheng Bing Technology is a funded company, having raised a total of $345M across 9 funding rounds to date.
How many employees does Beijing Tongcheng Bing Technology have?
As of Dec 31, 2024, the latest employee count at Beijing Tongcheng Bing Technology is 1,050.
What is the annual revenue of Beijing Tongcheng Bing Technology?
Annual revenue of Beijing Tongcheng Bing Technology is $620.85M as on Dec 31, 2024.
What does Beijing Tongcheng Bing Technology do?
Beijing Tongcheng Bing Technology was established in 2014 in Beijing, China, within the logistics sector. On-demand hyperlocal delivery services are offered to individuals for flowers, groceries, documents, personal items, and food, while merchants utilize them for files and contracts. Businesses are supported through multi-city store management, order monitoring, dispatch scheduling, and online payment processing. Short and inner-city delivery operations are also facilitated.
Who are the top competitors of Beijing Tongcheng Bing Technology?
Beijing Tongcheng Bing Technology's top competitors include Grab, Dada Group and SF Intracity.
Is Beijing Tongcheng Bing Technology publicly traded?
Yes, Beijing Tongcheng Bing Technology is publicly traded on NASDAQ under the ticker symbol FLX.
Who are Beijing Tongcheng Bing Technology's investors?
Beijing Tongcheng Bing Technology has 20 investors. Key investors include Hearst, Susquehanna, Shunwei Capital, N5Capital, and Alpha Square Group.
What is Beijing Tongcheng Bing Technology's ticker symbol?
The ticker symbol of Beijing Tongcheng Bing Technology is FLX on NASDAQ.
What is Beijing Tongcheng Bing Technology's valuation?
The valuation of Beijing Tongcheng Bing Technology is $1B as of Aug 2018.
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