About Zhejiang Grassroots Network Technology
Zhejiang Grassroots Network Technology is a Financial Services company based in Hangzhou (China) founded in 2013 by Jin Zhongyu. P2P lending and investment platform. Zhejiang Grassroots Network Technology has raised $520.48 million across 4 funding rounds from investors including Geo Jade Petroleum Corporation, CMG Hong Kong and GF Fund. The company has 12 employees. Zhejiang Grassroots Network Technology was last valued at $1.4 billion in June 2018. Its chief executive, as recorded, is Jin Zhongyu. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include PPDai, Yooli and Licaifan; 3 of its 3 listed competitors have raised funding.
Company details
CGTZ is an online based credit transfer platform. It works a little different from the traditional P2P transaction structure and has a borrower - lender - investor structure. The platform has online lenders who lend to borrowers and then investors buy the debt through an online trading platform. It is focused on enterprises, quasi-listed companies, state-owned enterprises. As of June 2016, the cumulative investment is over 4.64B with more than 5.6 million registered users.
- Total Equity Funding$520.48M (USD)
in 4 rounds
- Latest Funding Round$358.26M (USD), Series D
Jun 2018
- InvestorsGeo Jade Petroleum Corporation
& 4 more
- Employee Count12
Funding Insights of Zhejiang Grassroots Network Technology
Zhejiang Grassroots Network Technology has successfully raised a total of $520.48M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $358.26 million completed in June 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 $520.48M
- Total Rounds 4
- Last Round Series D β $358.26M
- First Round $10M
(Jan 2015)
- Investors Count 5
All 4 funding rounds of Zhejiang Grassroots Network Technology 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 |
|---|---|---|---|---|---|
| Jun 2018 | $358.26M | Series D | $1.4B | Geo Jade Petroleum Corporation | β |
| Jun 2017 | Series C | β | CMG | β | |
| Jun 2016 | $152.22M | Series B | β | GF Fund | β |
| Jan 2015 | $10M | Series A | β | Shunwei Capital | β |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2018 | $1.4B | β’β’β’β’β’β’β’β’ |
Last known valuation $1.4B (Jun 2018). 5 investors in total: 5 institutional.
Investors in Zhejiang Grassroots Network Technology
Zhejiang Grassroots Network Technology has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Geo Jade Petroleum Corporation, CMG Hong Kong and GF Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on mobile, internet, deep technology, rural internet, AI, and multiple sectors | shunwei.com | Beijing, China | ||
Oil and gas exploration and development are conducted internationally. | 1984 | geojade.com | Beijing, China | |
Iron ore and coal trading services are provided internationally. | 2008 | cmg.hk | Hong Kong, China | |
Offers comprehensive fund management services for investors. | 2003 | gffunds.com.cn | Guangzhou, China | |
Consortium Management Group, Inc. is engaged in managing defense technology consortia. | cmgcorp.org | Washington, DC, United States |
Investor details for Zhejiang Grassroots Network Technology
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Zhejiang Grassroots Network Technology
1 people are tracked at Zhejiang Grassroots Network Technology (1 in leadership); the tracked headcount is 12.
| Name | Role | Group |
|---|---|---|
Jin Zhongyu | Founder & CEO | Leadership |
Complete people profiles for Zhejiang Grassroots Network Technology
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- Full employee list
- Team structure
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Timeline of Zhejiang Grassroots Network Technology
4 dated milestones of Zhejiang Grassroots Network Technology across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Zhejiang Grassroots Network Technology is founded.
- Funding First funding round of $10.0M.
- Funding Latest funding round, Series D, of $358.3M.
- Milestone Reaches Unicorn status.
Competitors of Zhejiang Grassroots Network Technology
Zhejiang Grassroots Network Technology has 3 listed competitors in our database, 3 of them funded. They include PPDai, Yooli and Licaifan.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ppdai.com | 2007 | Shanghai, China | $60M | Small unsecured P2P loans are facilitated online for Chinese borrowers. | ||
| yooli.com | 2013 | Beijing, China | $106M | P2P lending access is facilitated via partnerships with micro-credit firms. | ||
| licaifan.com | 2014 | Beijing, China | $86.82M | P2B platform for SME loans and investments is operated online. |
Detailed competitors of Zhejiang Grassroots Network Technology
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- Full competitor set
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Web traffic of Zhejiang Grassroots Network Technology
Websites that share an audience with Zhejiang Grassroots Network Technology (cgtz.com).
Websites whose visitors overlap most with Zhejiang Grassroots Network Technology. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ppmoney.com | 100% | View details | |||
| baocai.com | 96% | View details | |||
| dianrong.com | 96% | 1.1K | #13,108,518 | View details | |
| xinrong.com | 95% | View details | |||
yintong.com.cn | yintong.com.cn | 95% | β | ||
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 17 similar websites and full traffic analytics for Zhejiang Grassroots Network Technology
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- 17 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Frequently Asked Questions about Zhejiang Grassroots Network Technology
Zhejiang Grassroots Network Technology was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Zhejiang Grassroots Network Technology is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Jin Zhongyu is the CEO of Zhejiang Grassroots Network Technology, as recorded in our data. They have also founded this company.
Zhejiang Grassroots Network Technology is a funded company, having raised a total of $520.48M across 4 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jan 2015.
Zhejiang Grassroots Network Technology has 12 employees.
CGTZ is an online based credit transfer platform. It works a little different from the traditional P2P transaction structure and has a borrower - lender - investor structure. The platform has online lenders who lend to borrowers and then investors buy the debt through an online trading platform. It is focused on enterprises, quasi-listed companies, state-owned enterprises. As of June 2016, the cumulative investment is over 4.64B with more than 5.6 million registered users.
Zhejiang Grassroots Network Technology has 5 investors. Key investors include Geo Jade Petroleum Corporation, CMG Hong Kong, GF Fund, Shunwei Capital, and CMG.
The valuation of Zhejiang Grassroots Network Technology is $1.4B as of Jun 2018.