About Duokan
Duokan is a company based in Beijing (China) founded in 2010 by Wang Chuan was acquired by Xiaomi in October 2012.. Duokan has raised $10 million across 1 funding round from investors including Xiaomi and Morningside China. Duokan operates in a competitive market with competitors including Scribd, KADOKAWA, VoyceMe, OverDrive and Glose, among others.
- Headquarter Beijing, China
- Founders Wang Chuan
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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Funding Insights of Duokan
Duokan has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in May 2012. 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 1
- Last Round Series A — $10.0M
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First Round
First Round
(14 May 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2012 | Amount | Series A - Duokan | Valuation | Morningside |
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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 Duokan
Duokan has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Xiaomi and Morningside China. 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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VC and private equity investments are made in China-US companies.
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Founded Year | Domain | Location | |
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Multi-category consumer electronics are offered through an internet-first model.
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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 Duokan
| 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 - Duokan
| 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 |
Duokan Comparisons
Competitors of Duokan
Duokan 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 Scribd, KADOKAWA, VoyceMe, OverDrive and Glose, 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 |
SaaS-based book reading platform
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| domain | founded_year | HQ Location |
Ebook library & reading platform
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| domain | founded_year | HQ Location |
Online comic books are delivered in multiple genres.
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| domain | founded_year | HQ Location |
Digital content distribution is facilitated for libraries and schools by OverDrive.
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| domain | founded_year | HQ Location |
E-books are read and annotated socially on the Glose platform.
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| domain | founded_year | HQ Location |
Online platform for digital publishing
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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 Duokan
Frequently Asked Questions about Duokan
When was Duokan founded?
Duokan was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Where is Duokan located?
Duokan is headquartered in Beijing, China.
Who is the current CEO of Duokan?
Wang Chuan is the current CEO of Duokan. They have also founded this company.
Is Duokan a funded company?
Duokan is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on May 14, 2012.
What does Duokan do?
Duokan was founded in 2010 in Beijing, China, focusing on the digital reading sector. Ebook reader firmware for Kindle devices was initially developed, replacing Amazons software to enable e-book downloads and purchases. Conventional apps for Android, iOS, Windows Phone, and Apple TV were later introduced. Series A funding of 10 million was raised from Morningside Ventures and Xiaomi founder Lei Jun to support operations.
Who are the top competitors of Duokan?
Who are Duokan's investors?
Duokan has 2 investors. Key investors include Xiaomi, and Morningside China.