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§ Private Profile · Hangzhou, Zhejiang, China
E-commerce platform and social commerce offering discounted maternal, infant, and children's products for young Chinese parents, focused on baby goods.
BeiBei is a Hangzhou, China-based e-commerce platform that specializes in discounted maternal, infant, and children's products through a flash-sale and social commerce model. The company reached a $1 billion valuation in 2016 and claimed over 100 million registered users at its peak. Operating primarily through vendor commissions and direct retail margins, the enterprise secured over $200 million in total venture funding, including a $100 million Series D round to expand its supply chain and logistics infrastructure. The platform's financial backers include prominent venture capital firms such as IDG Capital, Capital Today, Hillhouse Capital, Sinovation Ventures, and Sequoia Capital. Despite its early growth and the launch of its social commerce subsidiary Beidian, the company experienced severe financial distress and vendor protests over unpaid debts in late 2021. BeiBei was founded in 2014 by Lianglun Zhang.
BeiBei has raised $100.0M across 1 funding round.
BeiBei has raised $100.0M in total across 1 funding round.
BeiBei has raised $100.0M across 1 funding round. Most recently, it raised $100.0M Series D in June 2016.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 17, 2016 | $100M Series D | NEW Horizon Capital, Northern Light Venture Capital | — | Announced |
BeiBei has raised $100.0M in total across 1 funding round.
BeiBei's investors include New Horizon Capital, Northern Light Venture Capital.