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- D&J China
D&J China Funding, Investors & Competitors
D&J China has raised $400M across 2 funding rounds, most recently a $180M Series D in September 2017.
Last D&J China funding round
$180M
Series D · Sep 2017
Cumulative funding D&J China raised
$400M
across 2 funding rounds
Key investors in D&J China
Warburg Pincus
Sun Dongping
D&J China Overview
About D&J China
D&J China is a Shenzhen-based manufacturer of optoelectronic components and LED lighting products. It produces surface-mount devices, power supplies, and display modules for automotive, consumer electronics, and industrial applications. The company operates facilities in Guangdong province, exporting to over 50 countries with annual production exceeding 1 billion units. Established in 2005, D&J China supplies major clients including Philips, Osram, and domestic firms like Huawei, emphasizing quality certifications such as ISO 9001 and RoHS compliance.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Sectors
D&J China Funding History
D&J China has raised a total of $400M across 2 funding rounds.
D&J China's first fundraising round was a $220M Series B in February 2016. The most recent completed round was a $180M Series D in September 2017.
D&J China funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2017 | Series D | Warburg Pincus (lead) | $180M | D&J China is a Shanghai-based real estate developer and operator specializing in business parks, R&D facilities, headquarter campuses, suburban offices, manufacturing facilities, and data centers, primarily targeting tier-one cities like Shanghai and Beijing. The funds were intended to expand D&J China's portfolio amid growing demand for modern industrial and flex spaces in China. At the time of the Series D, D&J China aimed to grow its assets to over 5 million square meters within three to five years, targeting a total asset value of RMB 45 billion by 2020. The company had projects like a 110,000 sqm corporate park in Shanghai’s Zhangjiang High-Tech Park and a 28,000 sqm building in Beijing’s BEZ IT Industrial Park, with involvement in data center construction around major cities including Beijing, Shanghai, Guangzhou, and Chengdu. Earlier in 2016, D&J launched the RMB 10 billion ($1.45 billion) D&J Zhiyan Equity Investment Fund with AVIC Trust for industrial infrastructure, and formed additional funds bringing total assets under management to over RMB 16 billion ($2.4 billion). Warburg Pincus expressed optimism about D&J's achievements in three years and corporate demand for specialized real estate. Sun Dongping, chairman and CEO, highlighted growth opportunities and the financing's role in portfolio expansion. |
| Feb 2016 | Series B | Sun Dongping (lead); Warburg Pincus (lead) | $220M | D&J China, officially D&J Industrial Property (China) Investment Co. Ltd., raised a USD 220 million Series B round announced on February 24, 2016, committed by Warburg Pincus and its co-founder and chairman Sun Dongping. It was the second equity investment in the company by Warburg Pincus, which had co-founded the business with Sun in 2014. The proceeds were to fund the investment, development and operation of business parks, headquarter parks and modern industrial facilities. D&J's core markets were Shanghai and Beijing, with selected tier 1.5 cities, and its tenants included multinationals such as Johnson & Johnson, Shell, Abbott, Broadcom and AMD. The Series B followed an earlier round of roughly USD 200 million. In December 2021 D&J merged with New Ease China, another platform founded by Sun, to form DNE Group, a new economy infrastructure developer with more than USD 11 billion of assets under management. |
Who has invested in D&J China?
2 investors have backed D&J China across its funding rounds, including Warburg Pincus and Sun Dongping.
Lead investors include Warburg Pincus and Sun Dongping.
D&J China Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by D&J China
D&J China has acquired 1 company to date.
Last acquisition by D&J China was on December 16th 2021. D&J China acquired NewEase China for undisclosed valuation.
Latest Acquisitions by D&J China
| Description | NewEase China is an investor and operator of urban logistics infrastructure hubs centered on airports and adjacent city facilities. The company develops comprehensive platforms that deliver efficient one-stop services for cargo handling, warehousing, and distribution. Based in Shanghai, NewEase China supports government initiatives by attracting high-quality enterprises to its sites in major Chinese airports like Pudong and Capital International. Established in 2014, it manages over 20 logistics parks nationwide, emphasizing time savings and cost reductions for e-commerce and express delivery operators. |
| HQ Country | |
| HQ City | Shanghai |
| Deal Date | 16 Dec 2021 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all D&J China acquisitions and their M&A valuation multiples. Start Free Trial | |
D&J China Competitors
D&J China competitors include listed companies like Aramark, Rentokil Initial, Madison Air and Sodexo, and private ones like MB2 Dental Solutions and Foundever.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $19B | $1.2B | $14B | 1.0x | ||
| Publicly listed | $6.9B | $1.2B | $12B | 2.2x | ||
| Publicly listed | $3.5B | $697M | $12B | 3.0x | ||
| Publicly listed | $27B | $1.1B | $9.9B | 0.5x | ||
| Private | - | $300M | $3.5B | - | ||
| Private | - | - | $3.2B | - |
D&J China Public Comps
D&J China is still privately-owned, but its public comps include Aramark, Rentokil Initial, Madison Air, Sodexo, ISS World, Brookfield Business Corp, Elis, HD Hyundai Marine, Alliance Laundry Systems and UniFirst.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19B | $1.2B | 1.1x | 1.0x | 15.9x | 12.4x | |||
| $6.9B | $1.2B | 2.3x | 2.2x | 13.3x | 10.2x | |||
| $3.5B | $697M | 3.4x | 3.0x | 17.2x | 11.6x | |||
| $27B | $1.1B | 0.5x | 0.5x | 12.2x | 9.2x | |||
| $13B | $815M | 0.7x | 0.7x | 11.3x | 9.7x | |||
| $27B | $6.6B | 1.6x | 7.7x | 6.5x | 18.2x | |||
| $5.4B | $1.9B | 2.0x | 1.9x | 5.9x | 5.4x | |||
| $1.5B | $261M | 3.4x | 2.8x | 18.9x | 16.7x | |||
This data is available for Pro users. Sign up to see all D&J China competitors and their valuation data. Start Free Trial | ||||||||
Common questions about D&J China
| When was D&J China founded? | D&J China was founded in 2014. |
| Where is D&J China headquartered? | D&J China is headquartered in Shanghai, China. |
| Is D&J China publicly listed? | No, D&J China is a private, VC-backed company. |
| How much funding has D&J China raised? | D&J China has raised $400M across 2 funding rounds. |
| What was D&J China's last funding round? | D&J China's last funding round was a $180M Series D in September 2017, led by Warburg Pincus. |
| Who are D&J China's investors? | D&J China's investors include Warburg Pincus and Sun Dongping. |
| Which companies are comparable to D&J China? | Companies comparable to D&J China include Aramark, Rentokil Initial, Madison Air, Sodexo, MB2 Dental Solutions and Foundever. |
| How many companies has D&J China acquired? | D&J China has acquired 1 company, including NewEase China. |
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