About Best Technology
Best Technology is a company based in Chengdu (China) founded in 2010.. Best Technology has raised $7.74 million across 3 funding rounds from investors including Alibaba.com and Trip. Best Technology operates in a competitive market with competitors including AIRROBO, Jahwa, Cheerwin Group, Tongling Jieya Biotechnology and Sophot Group, among others.
- Headquarter Chengdu, China
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Sectors
Consumer
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.74 M (USD)
in 3 rounds
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Latest Funding Round
$23.27 M (USD), Post-IPO
Sep 15, 2021
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Investors
Alibaba.com
& 1 more
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Employee Count
Employee Count
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Funding Insights of Best Technology
Best Technology has successfully raised a total of $7.74M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $23.27 million completed in September 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 3
- Last Round Post-IPO — $23.3M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Post-IPO - Best Technology | Valuation |
investors |
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| Jun, 2018 | Amount | Series A - Best Technology | Valuation |
investors |
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| Jun, 2015 | Amount | Seed - Best Technology | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 Best Technology
Best Technology has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Alibaba.com and Trip. 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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Multi-category products are facilitated through an online B2B cross-border marketplace.
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Founded Year | Domain | Location | |
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App-based platform to discover and book multiple travel services
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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 Best Technology
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Best 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 |
Best Technology Comparisons
Competitors of Best Technology
Best 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 AIRROBO, Jahwa, Cheerwin Group, Tongling Jieya Biotechnology and Sophot Group, 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 |
Operates a direct-to-consumer brand specializing in innovative smart home appliances.
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| domain | founded_year | HQ Location |
Home and personal care products are retailed by Jahwa.
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| domain | founded_year | HQ Location |
Home care products are offered by Cheerwin Group.
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| domain | founded_year | HQ Location |
Wipes and homecare products are manufactured in China.
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| domain | founded_year | HQ Location |
Brand of home and personal care products
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Best Technology
Frequently Asked Questions about Best Technology
When was Best Technology founded?
Best Technology was founded in 2010 and raised its 1st funding round 5 years after it was founded.
Where is Best Technology located?
Best Technology is headquartered in Chengdu, China. It is registered at Chengdu, Sichuan, China.
Who is the current CEO of Best Technology?
Cui Zhencang is the current CEO of Best Technology.
Is Best Technology a funded company?
Best Technology is a funded company, having raised a total of $7.74M across 3 funding rounds to date.
What does Best Technology do?
Best Technology was founded in 2010 and is located in Chengdu, China. Home cleaning products are provided as the primary focus within the consumer goods sector. Operations center on product distribution and branding, supported by the domain bestkj.cn. Leadership is held by CEO Cui Zhencang, overseeing activities in the Chinese market.
Who are the top competitors of Best Technology?
Best Technology's top competitors include Jahwa, Tongling Jieya Biotechnology and Cheerwin Group.
Who are Best Technology's investors?
Best Technology has 2 investors. Key investors include Alibaba.com, and Trip.