About NewBornTown
NewBornTown is a company based in Beijing (China) founded in 2009 by Carl Huang and Li Ping.. NewBornTown has raised $2 million across 2 funding rounds from investors including Plum Ventures and Future Cap. The company has 1,570 employees as of December 31, 2024. NewBornTown has completed 3 acquisitions, including Blue City, LeadHUG and Mico.
- Headquarter Beijing, China
- Employees 1570 as on 31 Dec, 2024
- Founders Carl Huang, Li Ping
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Newborn Town Inc.
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Annual Revenue
$710.74 M (USD)51.03as on Dec 31, 2024
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Net Profit
$67.05 M (USD)-8.1as on Dec 31, 2024
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EBITDA
$114.45 M (USD)28.89as on Dec 31, 2024
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Total Equity Funding
$2 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Plum Ventures
& 1 more
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Employee Count
1570
as on Dec 31, 2024
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Investments & Acquisitions
Blue City
& 2 more
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IPO & Listings of NewBornTown
NewBornTown is a publicly listed company on the HKEX with ticker symbol 9911 in Hong Kong, operating in the Technology services 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 NewBornTown
NewBornTown has successfully raised a total of $2M across 2 strategic funding rounds. 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 Last Round
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First Round
First Round
(01 Jun 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Series D - NewBornTown | Valuation |
investors |
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| Jun, 2014 | Amount | Angel Round - NewBornTown | 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 NewBornTown
NewBornTown has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Plum Ventures and Future Cap. 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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Plum Ventures is recognized as a leading early-stage investment firm in China.
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Founded Year | Domain | Location | |
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Early-stage tech and offline companies in China are funded.
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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 NewBornTown
NewBornTown has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Blue City, LeadHUG and Mico. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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.
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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A social platform for meeting and chatting with others.
|
2015 | ||||
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Performance ad network operated on CPA model with multiple formats.
|
2013 | ||||
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Online services for LGBTQ community well-being are offered.
|
2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - NewBornTown
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Newborntown Comparisons
Competitors of NewBornTown
| 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 Newborntown
Frequently Asked Questions about NewBornTown
When was NewBornTown founded?
NewBornTown was founded in 2009 and raised its 1st funding round 5 years after it was founded.
Where is NewBornTown located?
NewBornTown is headquartered in Beijing, China.
Is NewBornTown a funded company?
NewBornTown is a funded company, having raised a total of $2M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $2M, raised on Jun 01, 2014.
How many employees does NewBornTown have?
As of Dec 31, 2024, the latest employee count at NewBornTown is 1,570.
What is the annual revenue of NewBornTown?
Annual revenue of NewBornTown is $710.74M as on Dec 31, 2024.
What does NewBornTown do?
Mobile app studio developing personalization apps. Some of the apps developed by the company include a solo launcher- an app to clear RAM and download wallpapers and themes, solo notifier- an Android launcher app, solo appLock- an app for locking applications, and Solo Weather-a weather forecasting application. Furthermore, the company offers solutions for advertising and digital marketing. The apps are available for download from Play Store.
Is NewBornTown publicly traded?
Yes, NewBornTown is publicly traded on HKEX under the ticker symbol 9911.
How many acquisitions has NewBornTown made?
Who are NewBornTown's investors?
NewBornTown has 2 investors. Key investors include Plum Ventures, and Future Cap.
What is NewBornTown's ticker symbol?
The ticker symbol of NewBornTown is 9911 on HKEX.
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