About Sinnet
Sinnet is a company based in Beijing (China) founded in 1999.. Sinnet has raised $8.12 million across 1 funding round from investors including Sequoia Capital. The company has 1,200 employees as of December 31, 2024. Sinnet operates in a competitive market with competitors including Hotel Internet Services, Ishan, Kiwinetworks, Ensign Communications and Mykris Asia, among others.
- Headquarter Beijing, China
- Employees 1200 as on 31 Dec, 2024
- Stage Public
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Beijing Sinnet Technology Co., Ltd. Class A
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Annual Revenue
$990.49 M (USD)-7.4as on Dec 31, 2024
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Net Profit
$52.26 M (USD)-1.68as on Dec 31, 2024
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EBITDA
$187.69 M (USD)2.52as on Dec 31, 2024
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Total Equity Funding
$8.12 M (USD)
in 1 rounds
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Latest Funding Round
$8.12 M (USD), Series A
Dec 01, 2010
- Investors
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Employee Count
1200
as on Dec 31, 2024
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IPO & Listings of Sinnet
Sinnet is a publicly listed company on the SZSE with ticker symbol 300383 in China, 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 Sinnet
Sinnet has successfully raised a total of $8.12M through 1 strategic funding round. The most recent funding activity was a Series A round of $8.12 million completed in December 2010. 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 1
- Last Round Series A — $8.1M
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First Round
First Round
(01 Dec 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2010 | Amount | Series A - Sinnet | 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 Sinnet
Sinnet has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Sequoia 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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Sequoia Capital is engaged in venture capital investments.
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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 Sinnet
| 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 - Sinnet
| 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 |
Sinnet Comparisons
Competitors of Sinnet
Sinnet 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 Hotel Internet Services, Ishan, Kiwinetworks, Ensign Communications and Mykris Asia, 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 |
Internet and TV services are provided to US enterprise sectors.
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| domain | founded_year | HQ Location |
Business internet, email, security and IP services provider
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| domain | founded_year | HQ Location |
Business internet connectivity and cloud services are provided in Mexico.
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| domain | founded_year | HQ Location |
xilo Ltd. offers web hosting, servers, and support for businesses and individuals.
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| domain | founded_year | HQ Location |
Broadband internet and hosting services are provided to Malaysian businesses.
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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 Sinnet
Frequently Asked Questions about Sinnet
When was Sinnet founded?
Sinnet was founded in 1999 and raised its 1st funding round 11 years after it was founded.
Where is Sinnet located?
Sinnet is headquartered in Beijing, China.
Who is the current CEO of Sinnet?
Yang Yuhang is the current CEO of Sinnet.
Is Sinnet a funded company?
Sinnet is a funded company, having raised a total of $8.12M across 1 funding round to date. The company's 1st funding round was a Series A of $8.12M, raised on Dec 01, 2010.
How many employees does Sinnet have?
As of Dec 31, 2024, the latest employee count at Sinnet is 1,200.
What is the annual revenue of Sinnet?
Annual revenue of Sinnet is $990.49M as on Dec 31, 2024.
What does Sinnet do?
Founded in 1999 and based in Beijing, China, Sinnet operates within the telecommunications and IT infrastructure sector. Business customers are served through partnerships with China Unicom, China Telecom, and AWS, alongside its own networks and data centers. Offerings encompass data center hosting and rack space, fiber-optic and wireless internet access, content delivery networks, load balancing, disaster recovery, cloud computing, and managed networking solutions.
Who are the top competitors of Sinnet?
Sinnet's top competitors include Hotel Internet Services, Ishan and Kiwinetworks.
Is Sinnet publicly traded?
Yes, Sinnet is publicly traded on SZSE under the ticker symbol 300383.
Who are Sinnet's investors?
Sinnet has 1 investor. Key investors include Sequoia Capital.
What is Sinnet's ticker symbol?
The ticker symbol of Sinnet is 300383 on SZSE.