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- Baibu
Baibu Funding, Investors & Competitors
Baibu has raised $566M across 6 funding rounds, most recently a $110M Series D in January 2021.
Last Baibu funding round
$110M
Series D · Jan 2021
Cumulative funding Baibu raised
$566M
across 6 funding rounds
Key investors in Baibu
Source Code Capital
Yunqi Partners
Chengwei Capital
Bull Capital
Tiger Global
DST Global
China Capital Investment Group
Hidden Hill Capital
Baibu Overview
About Baibu
Baibu is a Guangzhou, China-headquartered B2B platform transforming textile trading through O2O models since 2013. Operating from Haizhu District, it connects over 5,000 supplier shops with 20,000 buyers in fabrics, steel, and chemicals, expanding to Foshan, Dongguan, Hangzhou Keqiao, and Huzhou. Baibu's self-operated marketplace facilitates transactions totaling billions in RMB, leveraging teams from Alibaba and industry veterans for supply chain management in apparel production and distribution.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Baibu Funding History
Baibu has raised a total of $566M across 6 funding rounds.
Baibu's first fundraising round was a $2M Series A in March 2016. The most recent completed round was a $110M Series D in January 2021.
Baibu funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2021 | Series D | Hidden Hill Capital (lead); Yinshan Capital (lead) | $110M | - |
| Dec 2019 | Series D | DST Global (lead); Bull Capital; Chengwei Capital; Yunqi Partners; Tiger Global; China Capital Investment Group; Source Code Capital | $300M | - |
| Nov 2018 | Series C | Tiger Global (lead); Bull Capital; Chengwei Capital; Yunqi Partners; Source Code Capital | $100M | Baibu is a Chinese online textile e-commerce platform and marketplace operator connecting textile suppliers and buyers. On November 22, 2018, it raised US$100 million in a Series C2 funding round led by Tiger Global Management, with participation from Bull Capital, Chengwei Capital, Source Code Capital, and Yunqi Partners. The company plans to use the proceeds to build a new high-efficiency supply chain to better serve enterprises in the apparel sector. The funding supports Baibu's expansion in the competitive Chinese textile e-commerce market. Baibu operates as a B2B platform facilitating transactions in the textile industry, focusing on efficiency and supply chain improvements post-funding. |
| Aug 2018 | Series C | Bull Capital; Chengwei Capital; Yunqi Partners; Source Code Capital | $30M | - |
| Aug 2017 | Series B | Yunqi Partners (lead); Chengwei Capital; Source Code Capital | $25M | Baibu is a Chinese B2B textile e-commerce platform based in Guangzhou, providing a mobile application that functions as a fabric pattern search engine to supply textiles. Yunqi Partners led its series B+ round on August 9, 2017, raising RMB165 million (approximately US$24-25 million), with participation from Chengwei Capital and Source Code Capital. The platform enhances efficiency for buyers sourcing patterned products online and includes an enterprise resource planning inventory management system. Baibu has established a strong presence in the textile market with over 5,000 successful shops and more than 20,000 buyers, expanding services to regions including Foshan, Dongguan, and Hangzhou. The core team consists of industry veterans and experts from prominent companies, supporting steady growth in the competitive textile sector. |
| Mar 2016 | Series A | Source Code Capital (lead) | $2M | - |
Who has invested in Baibu?
9 investors have backed Baibu across its funding rounds, including Source Code Capital, Yunqi Partners, Chengwei Capital, Bull Capital, Tiger Global and DST Global.
Lead investors include Hidden Hill Capital, Yinshan Capital, DST Global, Tiger Global, Yunqi Partners and 1 other investor.
Baibu Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Mar 2016 | ||
| 4 | Participant | Aug 2017 | ||
| 4 | Lead | Aug 2017 | ||
| 3 | Participant | Aug 2018 | ||
| 2 | Lead | Nov 2018 | ||
| 1 | Lead | Jan 2021 | ||
| 1 | Lead | Jan 2021 | ||
This data is available for Pro users. Sign up to see all 9 Baibu investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Baibu
Baibu has acquired 2 companies to date.
Last acquisition by Baibu was on June 4th 2020. Baibu acquired Suzhou Juxi Information Technology for undisclosed valuation.
Latest Acquisitions by Baibu
| Description | Suzhou Juxi Information Technology develops software and connected systems for the textile industry in China. Its products cover textile production management, enterprise resource planning, warehouse operations and the collection of operating data from manufacturing equipment. The company combines sensors and manufacturing execution software with applications used in weaving, textile finishing and trading activities. Its product range has included digital warehousing systems, textile industry applications and platforms connecting businesses with logistics and supply chain services. These tools give textile factories and commercial users information for managing production and making operating decisions. Based in Suzhou, the business works with textile manufacturers, including users of its textile cloud production management software, and has developed patents and software copyrights relating to its technology. | ZHILIANWANG is a software developer offering a Manufacturing Execution System platform for production management. Hosted under Feizhou Technology, the platform optimizes manufacturing workflows, tracks real-time production data, and integrates with enterprise systems at feizhoukj.com. |
| HQ Country | ||
| HQ City | Suzhou | Foshan |
| Deal Date | 4 Jun 2020 | 4 Jun 2020 |
| Valuation | undisclosed | $7M |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Baibu acquisitions and their M&A valuation multiples. Start Free Trial | ||
Investments by Baibu
Baibu has invested in 1 company to date.
Latest investment by Baibu was on January 11th 2022. Baibu invested in Lingmao SCM in their $30M Series A round.
Latest Investments by Baibu
| Description | Lingmao SCM is a SaaS platform supplying digital supply chain management systems to textile and clothing enterprises in China. Its solutions, hosted at www.cnunify.com, cover procurement, production scheduling, inventory tracking, quality control, and logistics coordination. By integrating data across the apparel lifecycle from fabric sourcing to retail distribution, Lingmao SCM streamlines operations for manufacturers seeking efficiency in competitive markets. |
| HQ Country | |
| HQ City | Hangzhou |
| Deal Date | 11 Jan 2022 |
| Round | Series A |
| Raised | $30M |
| Investors | Fengqiao Capital; Yunqi Partners; GGV Capital; B Capital |
| Valuation | $180M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Baibu investments and their VC round multiples. Start Free Trial | |
Baibu Competitors
Baibu competitors include listed companies like Copart and RB Global, and private ones like OfBusiness, Zetwerk, Inxeption and Jusda.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $2.1B | - | $4B | 1.9x | ||
| Private | $102M | $20M | $3.1B | - | ||
| Private | $300M | - | $3B | 10.0x | ||
| Private | - | - | $2.5B | - | ||
| Publicly listed | $4.6B | $1.9B | $27B | 4.9x | ||
| Publicly listed | $4.6B | $1.4B | $16B | 4.1x |
Baibu Public Comps
Baibu is still privately-owned, but its public comps include Recruit Holdings, Uber, Booking Holdings, Airbnb, Prosus, DoorDash, Carvana, Meituan, Rocket Companies and Expedia.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $24B | $4B | 6.4x | 6.0x | 37.9x | 25.2x | |||
| $52B | $6.2B | 3.0x | 2.8x | 24.9x | 14.6x | |||
| $27B | $8.3B | 4.9x | 4.6x | 15.9x | 12.4x | |||
| $12B | $2.4B | 7.2x | 6.5x | 36.3x | 18.2x | |||
| $9.7B | $1.1B | 9.1x | 8.0x | 83.8x | 123.7x | |||
| $14B | $1.5B | 6.0x | 4.9x | 55.8x | 23.7x | |||
| $20B | ($110M) | 3.7x | 2.9x | (691.4x) | 27.7x | |||
| $54B | ($2.2B) | 0.9x | 0.8x | (21.4x) | 162.4x | |||
This data is available for Pro users. Sign up to see all Baibu competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Baibu
| When was Baibu founded? | Baibu was founded in 2013. |
| Where is Baibu headquartered? | Baibu is headquartered in Guangzhou, China. |
| Is Baibu publicly listed? | No, Baibu is a private, VC-backed company. |
| How much funding has Baibu raised? | Baibu has raised $566M across 6 funding rounds. |
| What was Baibu's last funding round? | Baibu's last funding round was a $110M Series D in January 2021, led by Hidden Hill Capital and Yinshan Capital. |
| Who are Baibu's investors? | Baibu's investors include Source Code Capital, Chengwei Capital, Yunqi Partners, Bull Capital, Tiger Global, Yinshan Capital, Hidden Hill Capital, DST Global and China Capital Investment Group. |
| Which companies are comparable to Baibu? | Companies comparable to Baibu include OfBusiness, Zetwerk, Inxeption, Jusda, Copart and RB Global. |
| How many companies has Baibu acquired? | Baibu has acquired 2 companies, including Suzhou Juxi Information Technology and ZHILIANWANG. |
| What was the largest acquisition by Baibu? | The $7M acquisition of ZHILIANWANG in June 2020 is the largest acquisition Baibu has made to date. |
| How many companies has Baibu invested in? | Baibu has invested in 1 company, including Lingmao SCM. |
| What was Baibu's last investment? | In January 2022, Baibu invested in Lingmao SCM's $30M Series A alongside Fengqiao Capital, Yunqi Partners, GGV Capital and 1 other investor. |
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