Baibu Funding, Investors & Competitors

Baibu has raised $566M across 6 funding rounds, most recently a $110M Series D in January 2021.

See full Baibu profile

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

ChinaGuangzhou

Website

ibaibu.com

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

Baibu funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2021Series DHidden Hill Capital (lead); Yinshan Capital (lead)$110M-
Dec 2019Series DDST Global (lead); Bull Capital; Chengwei Capital; Yunqi Partners; Tiger Global; China Capital Investment Group; Source Code Capital$300M-
Nov 2018Series CTiger Global (lead); Bull Capital; Chengwei Capital; Yunqi Partners; Source Code Capital$100MBaibu 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 2018Series CBull Capital; Chengwei Capital; Yunqi Partners; Source Code Capital$30M-
Aug 2017Series BYunqi Partners (lead); Chengwei Capital; Source Code Capital$25MBaibu 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 2016Series ASource 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

Investors in Baibu by funding rounds participated
InvestorHQRoundsRoleFirst check
Source Code CapitalChinaChaoyang5LeadMar 2016
Chengwei CapitalChinaShanghai4ParticipantAug 2017
Yunqi PartnersChinaShanghai4LeadAug 2017
Bull CapitalCayman IslandsGeorge Town3ParticipantAug 2018
Tiger GlobalUnited StatesNew York City, NY2LeadNov 2018
Yinshan CapitalChinaShanghai1LeadJan 2021
Hidden Hill CapitalChinaShanghai1LeadJan 2021

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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.

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Acquisitions 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

Suzhou Juxi Information Technology
ZHILIANWANG
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 CountryChinaChina
HQ City
Suzhou
Foshan
Deal Date4 Jun 20204 Jun 2020
Valuationundisclosed$7M
EV/Revenue
EV/EBITDA

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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

Lingmao SCM
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 CountryChina
HQ City
Hangzhou
Deal Date11 Jan 2022
RoundSeries A
Raised$30M
InvestorsFengqiao Capital; Yunqi Partners; GGV Capital; B Capital
Valuation$180M
EV/Revenue
EV/EBITDA

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Baibu Competitors

Baibu competitors include listed companies like Copart and RB Global, and private ones like OfBusiness, Zetwerk, Inxeption and Jusda.

Public and private companies comparable to Baibu
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OfBusinessIndiaGurgaonPrivate$2.1B-$4B1.9x
ZetwerkIndiaBangalorePrivate$102M$20M$3.1B-
InxeptionUnited StatesUnited StatesPrivate$300M-$3B10.0x
JusdaChinaShenzhenPrivate--$2.5B-
CopartUnited StatesUnited StatesPublicly listed$4.6B$1.9B$27B4.9x
RB GlobalUnited StatesUnited StatesPublicly listed$4.6B$1.4B$16B4.1x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Recruit Holdings$24B$4B6.4x6.0x37.9x25.2x
Uber$52B$6.2B3.0x2.8x24.9x14.6x
Booking Holdings$27B$8.3B4.9x4.6x15.9x12.4x
Airbnb$12B$2.4B7.2x6.5x36.3x18.2x
Prosus$9.7B$1.1B9.1x8.0x83.8x123.7x
DoorDash$14B$1.5B6.0x4.9x55.8x23.7x
Carvana$20B($110M)3.7x2.9x(691.4x)27.7x
Meituan$54B($2.2B)0.9x0.8x(21.4x)162.4x

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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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