About Longzhu
Longzhu is a company based in Shanghai (China) founded in 2014 was acquired by Suning Tesco Group in November 2016.. Longzhu has raised $44 million across 2 funding rounds from investors including Tencent, UUU9 and Suning Easybuy. Longzhu operates in a competitive market with competitors including Twitch, Huya, Garena, THETA.tv and Rooter, among others.
- Headquarter Shanghai, China
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Sectors
Media & Entertainment
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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
$44 M (USD)
in 2 rounds
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Latest Funding Round
$44 M (USD), Series B
Nov 03, 2015
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Investors
Tencent
& 2 more
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Employee Count
Employee Count
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Acquired by
Suning Tesco Group
(Nov 17, 2016)
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Funding Insights of Longzhu
Longzhu has successfully raised a total of $44M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $44 million completed in November 2015. 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 2
- Last Round Series B — $44.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2015 | Amount | Series B - Longzhu | Valuation | UUU9 | |
| Jun, 2014 | Amount | Series A - Longzhu | Valuation |
investors |
| 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 Longzhu
Longzhu has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Tencent, UUU9 and Suning Easybuy. 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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Online platform publishing gaming-focused content.
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Founded Year | Domain | Location | |
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Value-added internet, mobile, and telecom services are provided in China.
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Founded Year | Domain | Location | |
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E-commerce retail, logistics, and customer services are provided by Suing Easybuy in China.
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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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Longzhu
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Longzhu
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Longzhu Comparisons
Competitors of Longzhu
Longzhu 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 Twitch, Huya, Garena, THETA.tv and Rooter, 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 |
ESports social video streaming platform
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| domain | founded_year | HQ Location |
Online gameplay is streamed live via a broadcasting portal.
|
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| domain | founded_year | HQ Location |
Mobile entertainment and communication
|
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| domain | founded_year | HQ Location |
Blockchain based esports streaming platform
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| domain | founded_year | HQ Location |
Live gaming, streams, and video content platform is operated.
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| domain | founded_year | HQ Location |
Monetization and engagement tools for live streaming are provided.
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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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Frequently Asked Questions about Longzhu
When was Longzhu founded?
Longzhu was founded in 2014.
Where is Longzhu located?
Longzhu is headquartered in Shanghai, China.
Is Longzhu a funded company?
Longzhu is a funded company, having raised a total of $44M across 2 funding rounds to date.
What does Longzhu do?
Longzhu was established in 2014 in Shanghai, China, as a platform focused on eSports live streaming. Gameplay videos from titles like League of Legends and PUBG Mobile are broadcast to viewers. Operations center on delivering real-time mobile and competitive gaming content. The platform emerged from a partnership between parent company PLU and Tencent, serving the Chinese market in the digital entertainment sector.
Who are Longzhu's investors?
Longzhu has 3 investors. Key investors include Tencent, UUU9, and Suning Easybuy.