About Xiangwushuo
Xiangwushuo is a company based in Shanghai (China) founded in 2017 by Sun Shuo. It operates as a B2C. Xiangwushuo has raised $65 million across 4 funding rounds from investors including GGV Capital, Matrix and Zhen Fund. Xiangwushuo operates in a competitive market with competitors including eBay, Carousell, 58City, Zhuan Zhuan and Ganji, among others.
- Headquarter Shanghai, China
- Founders Sun Shuo
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Sectors
Retail
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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
$65 M (USD)
in 4 rounds
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Latest Funding Round
$65 M (USD), Series B
Aug 01, 2018
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Investors
GGV Capital
& 7 more
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Employee Count
Employee Count
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Funding Insights of Xiangwushuo
Xiangwushuo has successfully raised a total of $65M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $65 million completed in August 2018. 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 4
- Last Round Series B — $65.0M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Series B - Xiangwushuo | Valuation | Sequoia Capital | |
| Jun, 2018 | Amount | Series B - Xiangwushuo | Valuation | Hillhouse |
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| Jan, 2018 | Amount | Series A - Xiangwushuo | Valuation | GGV Capital , Matrix Partners China |
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| 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 Xiangwushuo
Xiangwushuo has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include GGV Capital, Matrix and Zhen Fund. 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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location | |
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Early-stage ventures are funded by the investment firm.
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Founded Year | Domain | Location | |
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Tech & Offline focused Seed stage VC Firm investing primarily in Asia and the US
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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 Xiangwushuo
| 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 - Xiangwushuo
| 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 |
Xiangwushuo Comparisons
Competitors of Xiangwushuo
Xiangwushuo 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 eBay, Carousell, 58City, Zhuan Zhuan and Ganji, 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 |
Multi-category consumer products are sold via an online marketplace platform.
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| domain | founded_year | HQ Location |
Online marketplace platform offering multi-category second-hand products
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| domain | founded_year | HQ Location |
Online second-hand listing platform offering multi-category products and services
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| domain | founded_year | HQ Location |
Second-hand goods are traded through a peer-to-peer marketplace.
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| domain | founded_year | HQ Location |
Chinese domestic classifieds platform
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| domain | founded_year | HQ Location |
Second-hand products are listed peer-to-peer on an online platform.
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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 Xiangwushuo
Frequently Asked Questions about Xiangwushuo
When was Xiangwushuo founded?
Xiangwushuo was founded in 2017.
Where is Xiangwushuo located?
Xiangwushuo is headquartered in Shanghai, China.
Who is the current CEO of Xiangwushuo?
Sun Shuo is the current CEO of Xiangwushuo. They have also founded this company.
Is Xiangwushuo a funded company?
Xiangwushuo is a funded company, having raised a total of $65M across 4 funding rounds to date.
What does Xiangwushuo do?
Xiangwushuo, backed by 65000000.0 from GGV Capital, Matrix, Zhen Fund, Sequoia Capital, Hillhouse, IDG Capital, K2VC, Matrix Partners China, focuses on operating online marketplaces, marketplaces, second-hand goods, and commission-based sales. Operates an online marketplace for commission-based sales of pre-owned products. Driving innovation, growth, and excellence in its industry sectors.
Who are the top competitors of Xiangwushuo?
Who are Xiangwushuo's investors?
Xiangwushuo has 8 investors. Key investors include GGV Capital, Matrix, Zhen Fund, Sequoia Capital, and Hillhouse.