Baixing.com is a technology company.
Baixing.com has raised $55.0M across 3 funding rounds.
Baixing.com has raised $55.0M in total across 3 funding rounds.
Baixing.com has raised $55.0M in total across 3 funding rounds.
Baixing.com's investors include Baseline Ventures, Benchmark, Betaworks Ventures, Big Sky Health, CoinFund, Draper Associates, Goodwater Capital, GSR Ventures, Khosla Ventures, LAUNCH, Norwest Venture Partners, Redpoint Ventures.
Baixing.com operates as an online classifieds platform providing a database of advertisements across categories like recruitment, secondhand cars, real estate, domestic services, and more.[1][3] It serves consumers and businesses in China seeking to buy, sell, or hire through a digital marketplace, addressing the need for accessible local transactions in a fragmented market.[1][3] Founded in 2005 and headquartered in Shanghai, the company raised $430.32M total, with its last Series E round of $354M, but is now listed as "Dead" post-Series E stage, indicating ceased major operations despite early growth to around 53 employees and $10.5M revenue.[1][3] Note: A separate entity, Shanghai Baixing Intelligent Technology Co., Ltd., founded in 2024, provides AI-based SaaS but appears unrelated to the original Baixing.com.[2]
Baixing.com was founded in 2005 by Jianshuo Wang, Jia Li, and Xiao Liang Pan in Shanghai, China, at a time when online classifieds were emerging in the country's booming internet sector.[1][3] The idea emerged to create a comprehensive database for classified ads, filling gaps in local marketplaces for everyday needs like jobs, cars, housing, and services.[3] Early traction came through expansion in e-commerce categories, securing multiple funding rounds up to Series E in 2015 ($354M), with total funding reaching $430.32M-$509M, supported by investors betting on China's consumer internet growth.[1][3] Headquartered at Room 1806 (or unit 1808), Haoran Technology Building, No. 55 Guanyuanxi Road, it built a team including a CEO, revenue director, and technical director, but ultimately shut down after the late-stage funding.[1][3]
Baixing stood out in China's classifieds space through these key aspects:
Baixing rode China's mid-2000s e-commerce wave, capitalizing on rising internet penetration and urbanization that demanded efficient local marketplaces for secondhand goods and services.[1] Timing was ideal post-2005, amid platforms like Taobao's rise, but market forces like intense competition from giants (e.g., 58.com) and regulatory shifts eroded its edge.[1][3] It influenced the ecosystem by proving demand for vertical classifieds, paving the way for consolidated players, though its "Dead" status post-Series E underscores risks in hyper-competitive Chinese tech, where over 90% of similar startups fail long-term.[1]
Baixing's arc—from 2005 startup to heavily funded but defunct platform—highlights the perils of scaling classifieds in China without sustained innovation. No active future for the original entity, as it's marked "Dead," though the 2024 AI SaaS namesake could signal brand revival attempts.[1][2] Trends like AI-enhanced marketplaces (e.g., via the new Baixing) and re-commerce growth may inspire successors, but Baixing.com's legacy warns of funding cliffs in maturing e-commerce. Investors eyeing similar plays should prioritize defensibility over raw capital raises, tying back to its early promise as a classifieds pioneer that couldn't outrun consolidation.
Baixing.com has raised $55.0M across 3 funding rounds. Most recently, it raised $28.0M Series C in May 2011.