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Xingsheng Youxuan operates a community shopping platform for online grocery ordering, specializing in fresh produce and daily necessities. It leverages local convenience stores as distribution hubs, facilitating community group buying. This model optimizes the supply chain and last-mile delivery, connecting producers with consumers through an efficient, localized network.
Established in 2018, Xingsheng Youxuan was founded by Lihua Yue, Zhou Yingjie, and Liu Huiyu; Lihua Yue serves as Chairman. The founders identified an opportunity to empower neighborhood shopkeepers and meet demand for quality, affordable goods in China’s lower-tier cities. This insight drove their integrated community retail model.
The platform primarily serves individual consumers using community group purchases for household essentials. It also provides local convenience store owners enhanced business opportunities through supply chain integration. Xingsheng Youxuan envisions building an accessible, cost-effective, community-centric retail ecosystem, ensuring consistent delivery of fresh products and daily goods.
Xingsheng Youxuan has raised $3.8B across 6 funding rounds.
Xingsheng Youxuan has raised $3.8B in total across 6 funding rounds.
Xingsheng Youxuan is valued at approximately $60.0M.
Xingsheng Youxuan operates a community shopping platform for online grocery ordering, specializing in fresh produce and daily necessities. It leverages local convenience stores as distribution hubs, facilitating community group buying. This model optimizes the supply chain and last-mile delivery, connecting producers with consumers through an efficient, localized network.
Established in 2018, Xingsheng Youxuan was founded by Lihua Yue, Zhou Yingjie, and Liu Huiyu; Lihua Yue serves as Chairman. The founders identified an opportunity to empower neighborhood shopkeepers and meet demand for quality, affordable goods in China’s lower-tier cities. This insight drove their integrated community retail model.
The platform primarily serves individual consumers using community group purchases for household essentials. It also provides local convenience store owners enhanced business opportunities through supply chain integration. Xingsheng Youxuan envisions building an accessible, cost-effective, community-centric retail ecosystem, ensuring consistent delivery of fresh products and daily goods.
Xingsheng Youxuan has raised $3.8B in total across 6 funding rounds.
Xingsheng Youxuan is valued at approximately $60.0M.
Xingsheng Youxuan's investors include Hongshan Capital Group (Sequoia Capital China), Evergrande Group, FountainVest Partners, KKR, Primavera Capital Group, Temasek, Tencent, Ontario Teachers'' Pension Plan Board, JD.com, China Renaissance.
Xingsheng Youxuan has raised $3.8B across 6 funding rounds. Most recently, it raised $300.0M Other Equity in July 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 19, 2021 | $300.0M Other Equity | ||
| Feb 19, 2021 | $2.0B Other Equity | Hongshan Capital Group (Sequoia Capital China) | Evergrande Group, FountainVest Partners, KKR, Primavera Capital Group, Temasek, Tencent |
| Jan 1, 2021 | Xingsheng Youxuan Valuation 2021-01-01 | Ontario Teachers'' Pension Plan Board | |
| Dec 18, 2020 | $700.0M Other Equity | JD.com | |
| Jul 22, 2020 | $800.0M Series C | KKR | China Renaissance, Hongshan Capital Group (Sequoia Capital China), Tencent |
| Jul 26, 2019 | $40.0M Other Equity | KKR |