Fanli Valuation, Funding & Investors

Fanli is valued at $820M as of May 2014.

See full Fanli profile

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)

Fanli Overview

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

ChinaShanghai

Website

fanli.com

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

Fanli valuation by funding round
DateStageValuation
May 2014Series B$820M

Fanli Funding History

Fanli has raised a total of $20M across 1 funding round.

Fanli funding rounds

Fanli funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2014Series BSIG China (SIG Asia Investments) (lead)$20M$820MFanli 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

Investors in Fanli by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions 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

Jiangxi Changjiu Biochemical Industry
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 CountryChina
HQ City
Nanchang
Deal Date28 Apr 2021
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Fanli Competitors

Fanli competitors include listed companies like Wish, THG, Suning.com and Bxn Holding, and private ones like Ule and Tiki.

Public and private companies comparable to Fanli
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WishUnited StatesUnited StatesPublicly listed-($31M)$681M-
THGUnited KingdomUnited KingdomPublicly listed$2.3B$133M$573M0.5x
Suning.comChinaChinaPublicly listed$7.3B$893M$1.6B0.6x
UleChinaShanghaiPrivate$13M-$830M63.8x
TikiVietnamHo Chi Minh CityPrivate--$832M-
Bxn HoldingChinaChinaPublicly listed$771M$100M$836M0.8x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Apotea$735M$47M1.1x1.0x17.6x14.3x
CEWE Group$1B$160M0.8x0.9x5.3x5.3x
Bxn Holding$771M$100M0.8x0.8x6.4x6.0x
QVC Group$11B$1.9B0.5x-2.8x-
Chancemate$160M$19M3.7x4.3x30.9x28.1x
SFC Holdings$252M$13M2.4x-45.7x-
Boozt$845M$71M1.1x1.0x13.0x10.3x
Brainbees Solutions$866M$29M1.1x1.0x31.8x23.1x

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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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