About Hupu
Hupu is a company based in Shanghai (China) founded in 2004 by Shawn Cheng was acquired by Xunlei in January 2025.. Hupu has raised $338.72 million across 5 funding rounds from investors including ByteDance, CICC and Xunlei. Hupu operates in a competitive market with competitors including The Athletic, MinuteMedia, ESPN Network, Bleacher Report and Overtime, among others.
- Headquarter Shanghai, China
- Founders Shawn Cheng
- Stage Unicorn
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Sectors
Media & Entertainment
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Phone
*********
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Website
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Funding Insights of Hupu
Hupu has successfully raised a total of $338.72M across 5 strategic funding rounds. The most recent funding activity was a Series F round of $182.34 million completed in June 2019. 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 5
- Last Round Series F — $182.3M
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First Round
First Round
(01 Sep 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Series F - Hupu | Valuation | ByteDance |
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| Jan, 2018 | Amount | Series E - Hupu | Valuation | CICC |
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| Jun, 2015 | Amount | Series D - Hupu | Valuation |
investors |
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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 Hupu
Hupu has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include ByteDance, CICC and Xunlei. 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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Investment banking services, corporate financing, and capital markets operations are conducted globally.
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Founded Year | Domain | Location | |
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Short-form video and content discovery platforms are developed.
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Founded Year | Domain | Location | |
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Diversified asset management and corporate advisory services are provided.
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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 Hupu
| 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 - Hupu
| 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 |
Hupu Comparisons
Competitors of Hupu
Hupu 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 The Athletic, MinuteMedia, ESPN Network, Bleacher Report and Overtime, 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 |
Subscription-based sports media is delivered to local premium audiences.
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| domain | founded_year | HQ Location |
Provider of digital content and advertising solutions for publishers and advertisers
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| domain | founded_year | HQ Location |
Sports media services are provided by ESPN Network worldwide.
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| domain | founded_year | HQ Location |
Crowdsourced sports scores, news, and content are provided to users.
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| domain | founded_year | HQ Location |
Sports content is produced and shared across multiple digital platforms.
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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 Hupu
Frequently Asked Questions about Hupu
When was Hupu founded?
Hupu was founded in 2004 and raised its 1st funding round 8 years after it was founded.
Where is Hupu located?
Hupu is headquartered in Shanghai, China.
Who is the current CEO of Hupu?
Shawn Cheng is the current CEO of Hupu. They have also founded this company.
Is Hupu a funded company?
Hupu is a funded company, having raised a total of $338.72M across 5 funding rounds to date. The company's 1st funding round was a Series D of $38.62M, raised on Sep 01, 2012.
What does Hupu do?
Hupu was established in 2004 in Shanghai, China, focusing on the sports sector. A platform for commentary and news is maintained, alongside services such as integrated sports marketing, event management, media distribution, online games, e-commerce, and lottery. Revenue streams are derived from advertisements and activities in e-commerce, sports, lottery, as well as mobile and online games. Monetization occurs primarily via display advertisements.
Who are the top competitors of Hupu?
Hupu's top competitors include The Athletic, Bleacher Report and Barstool Sports.
Who are Hupu's investors?
Hupu has 5 investors. Key investors include ByteDance, CICC, Xunlei, Greenwoods Asset Management, and Haitong Bank.
What is Hupu's valuation?
The valuation of Hupu is $1.1B as of Jun 2019.
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