- Companies
- Fanli
Last Fanli valuation
$820M
Series B · May 2014
Last Fanli funding round
$20M
Series B · May 2014
Cumulative funding Fanli raised
$20M
across 1 funding round
Key investors in Fanli
SIG China (SIG Asia Investments)
About Fanli
Fanli is a Shanghai-based e-commerce rebate platform in China. Launched in 2006, the service directs users to merchant sites via affiliate links, earning rebates on purchases including home appliances.
Founded
2006
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$820M (May 2014)
Fanli Valuation
Fanli is currently valued at $820M, based on its Series B in May 2014.
The $20M round was led by SIG China (SIG Asia Investments).
Fanli valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2014 | Series B | $820M |
Fanli Funding History
Fanli has raised a total of $20M across 1 funding round.
Fanli funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2014 | Series B | SIG China (SIG Asia Investments) (lead) | $20M | $820M | Fanli is a Shanghai-based e-commerce company founded in 2006 by Gary Ge and Geng Yongchang, operating a shopping rebate platform where users earn cashback on purchases from partner merchants via rebate links. The company has raised a total of $130 million across three funding rounds from investors including Rakuten, Qiming Venture Partners, SIG China, and Steamboat Ventures, with the first round being a $10M Series A on July 29, 2011, and the latest a $100M Series C on April 19, 2015. Fanli's business model focuses on retail and e-commerce, facilitating transactions across various home appliance and merchant websites in China. Later developments include Fanli going public on the Shanghai Stock Exchange in April 2021 via a reverse merger with Jiangxi Changjiu Biochemical, opening at CNY 12.25 per share. |
Who has invested in Fanli?
1 investor has backed Fanli across its funding rounds, including SIG China (SIG Asia Investments).
Lead investors include SIG China (SIG Asia Investments).
Fanli Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Fanli investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Fanli
Fanli has acquired 1 company to date.
Last acquisition by Fanli was on April 28th 2021. Fanli acquired Jiangxi Changjiu Biochemical Industry for undisclosed valuation.
Latest Acquisitions by Fanli
| Description | Jiangxi Changjiu Biochemical Industry is a Shanghai Stock Exchange-listed producer under code 600228 manufacturing fertilizers and chemical products. The company formulates compound fertilizers, urea, and industrial chemicals from facilities in Jiangxi, supplying agricultural and industrial clients nationwide. |
| HQ Country | |
| HQ City | Nanchang |
| Deal Date | 28 Apr 2021 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Fanli acquisitions and their M&A valuation multiples. Start Free Trial | |
Fanli Competitors
Fanli competitors include listed companies like Wish, THG, Suning.com and Bxn Holding, and private ones like Ule and Tiki.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | - | ($31M) | $681M | - | ||
| Publicly listed | $2.3B | $133M | $573M | 0.5x | ||
| Publicly listed | $7.3B | $893M | $1.6B | 0.6x | ||
| Private | $13M | - | $830M | 63.8x | ||
| Private | - | - | $832M | - | ||
| Publicly listed | $771M | $100M | $836M | 0.8x |
Fanli Public Comps
Fanli is still privately-owned, but its public comps include Apotea, CEWE Group, Bxn Holding, QVC Group, Chancemate, SFC Holdings, Boozt, Brainbees Solutions, Groupon and WeBuyCars.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $735M | $47M | 1.1x | 1.0x | 17.6x | 14.3x | |||
| $1B | $160M | 0.8x | 0.9x | 5.3x | 5.3x | |||
| $771M | $100M | 0.8x | 0.8x | 6.4x | 6.0x | |||
| $11B | $1.9B | 0.5x | - | 2.8x | - | |||
| $160M | $19M | 3.7x | 4.3x | 30.9x | 28.1x | |||
| $252M | $13M | 2.4x | - | 45.7x | - | |||
| $845M | $71M | 1.1x | 1.0x | 13.0x | 10.3x | |||
| $866M | $29M | 1.1x | 1.0x | 31.8x | 23.1x | |||
This data is available for Pro users. Sign up to see all Fanli competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Fanli
| When was Fanli founded? | Fanli was founded in 2006. |
| Where is Fanli headquartered? | Fanli is headquartered in Shanghai, China. |
| Is Fanli publicly listed? | No, Fanli is a private, VC-backed company. |
| What is Fanli's valuation? | Fanli was last valued at $820M in its Series B in May 2014. |
| How much funding has Fanli raised? | Fanli has raised $20M across 1 funding round. |
| What was Fanli's last funding round? | Fanli's last funding round was a $20M Series B in May 2014, led by SIG China (SIG Asia Investments). |
| Who are Fanli's investors? | Fanli's investors include SIG China (SIG Asia Investments). |
| Which companies are comparable to Fanli? | Companies comparable to Fanli include Wish, THG, Suning.com, Ule, Tiki and Bxn Holding. |
| How many companies has Fanli acquired? | Fanli has acquired 1 company, including Jiangxi Changjiu Biochemical Industry. |
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