About Shangpin
Shangpin is a Retail company based in Beijing (China) founded in 2010 by David Zhao. Global luxury brands are retailed online via flash sales. Shangpin has raised $60 million across 2 funding rounds from investors including Steamboat Ventures, Morningside China and Chengwei Capital. Its chief executive, as recorded, is David Zhao. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Multi Category. Its competitors include Secoo, Xiu and Ihaveu; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Beijing, China
- Founders David Zhao
- SectorsRetail
- Website shangpin.com
- Social LinkedIn X
- Total Equity Funding$60M (USD)
in 2 rounds
- Latest Funding Round$50M (USD), Series C
Jul 2011
- InvestorsSteamboat Ventures
& 2 more
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 $60M
- Total Rounds 2
- Last Round Series C — $50M
- First Round $10M
(Oct 2010)
- Investors Count 3
All 2 funding rounds of Shangpin with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2011 | $50M | Series C | – | Chengwei Capital | |
| Oct 2010 | $10M | Series B | – | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital is invested in US and China. | steamboatvc.com | Glendale, United States | ||
Chengwei Capital is recognized as an early venture capital firm in China. | 1999 | chengwei.com | China | |
VC and private equity investments are made in China-US companies. | morningside.com.cn | Shanghai, China |
Investor details for Shangpin
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Shangpin
1 people are tracked at Shangpin (1 in leadership).
| Name | Role | Group |
|---|---|---|
David Zhao | Founder & CEO | Leadership |
Complete people profiles for Shangpin
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Shangpin
3 dated milestones of Shangpin across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Shangpin is founded.
- Funding First funding round of $10.0M.
- Funding Latest funding round, Series C, of $50.0M.
Competitors of Shangpin
Shangpin has 3 listed competitors in our database, 3 of them funded. They include Secoo, Xiu and Ihaveu.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| secoo.com | 2008 | Shanghai, China | $195M | |||
| xiu.com | 2008 | Shenzhen, China | $150M | Luxury and fashion products are sold through an e-commerce platform. | ||
| ihaveu.com | 2010 | Tianjin, China | $51M | An online e-commerce site specializing in luxury products for discerning consumers. |
Detailed competitors of Shangpin
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Shangpin
Websites that share an audience with Shangpin (shangpin.com).
Websites whose visitors overlap most with Shangpin. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| 5lux.com | 100% | View details | |||
| ihaveu.com | 100% | View details | |||
zhenpin.com | zhenpin.com | 100% | – | ||
| secoo.com | 98% | #1,238,807 | View details | ||
| meici.com | 94% | 680.7K | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 13 similar websites and full traffic analytics for Shangpin
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- 13 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Shangpin
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Frequently Asked Questions about Shangpin
Shangpin was founded in 2010.
Shangpin is headquartered in Beijing, China.
David Zhao is the CEO of Shangpin, as recorded in our data. They have also founded this 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 2010.
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.
Shangpin has 3 investors. Key investors include Steamboat Ventures, Morningside China, and Chengwei Capital.