About Shangpin
Shangpin is a company based in Beijing (China) founded in 2010 by David Zhao.. Shangpin has raised $60 million across 2 funding rounds from investors including Steamboat Ventures, Morningside China and Chengwei Capital. Shangpin operates in a competitive market with competitors including Secoo, Xiu, Ihaveu, Ichuanyi and Jiapin, among others.
- Headquarter Beijing, China
- Founders David Zhao
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$60 M (USD)
in 2 rounds
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Latest Funding Round
$50 M (USD), Series C
Jul 28, 2011
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Investors
Steamboat Ventures
& 2 more
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Employee Count
Employee Count
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Funding Insights of Shangpin
Shangpin has successfully raised a total of $60M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in July 2011. 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 C — $50.0M
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First Round
First Round
(04 Oct 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2011 | Amount | Series C - Shangpin | Valuation | Chengwei Capital | |
| Oct, 2010 | Amount | Series B - Shangpin | 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 Shangpin
Shangpin has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Steamboat Ventures, Morningside China and Chengwei Capital. 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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Early-stage venture capital is invested in US and China.
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Founded Year | Domain | Location | |
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Chengwei Capital is recognized as an early venture capital firm in China.
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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 |
| 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 Shangpin
| 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 - Shangpin
| 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 |
Shangpin Comparisons
Competitors of Shangpin
Shangpin 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 Secoo, Xiu, Ihaveu, Ichuanyi and Jiapin, 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 |
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| domain | founded_year | HQ Location |
Luxury and fashion products are sold through an e-commerce platform.
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| domain | founded_year | HQ Location |
An online e-commerce site specializing in luxury products for discerning consumers.
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| domain | founded_year | HQ Location |
Functions as an ecommerce portal for buying premium womens apparel.
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| domain | founded_year | HQ Location |
Operates as an online retailer specializing in luxury 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 Shangpin
Frequently Asked Questions about Shangpin
When was Shangpin founded?
Shangpin was founded in 2010.
Where is Shangpin located?
Shangpin is headquartered in Beijing, China.
Who is the current CEO of Shangpin?
David Zhao is the current CEO of Shangpin. They have also founded this company.
Is Shangpin a funded company?
Shangpin is a funded company, having raised a total of $60M across 2 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Oct 04, 2010.
What does Shangpin do?
Shangpin was launched in July 2010 starting off with member-only flash sales exclusively to the VIP credit card customers and the focus was on selling global luxury brands to a private membership customer base. Shangpin grew with 200 monthly growth rates and became the leading luxury e-commerce site in China.Within its first year, Shangpin raised three rounds of venture capital financing with a 10 million fundraising from Disneys Steamboat Ventures. In July 2011, Shangpin made another round of 50 million fundraising from Chengwei Capital. Shangpin currently offers sales of global designer brands by event flash sales as well as being an authorized and exclusive online retailer of designer brands.
Who are Shangpin's investors?
Shangpin has 3 investors. Key investors include Steamboat Ventures, Morningside China, and Chengwei Capital.