Shanghai Taomao Valuation, Funding & Investors

Shanghai Taomao is valued at $1.3B as of June 2025.

Last Shanghai Taomao valuation

$1.3B

Secondary · Jun 2025

Key investors in Shanghai Taomao

  • Suzhou Tengmao

Shanghai Taomao Overview

About Shanghai Taomao

Shanghai Taomao is a real estate project company established in 2022 to develop a residential and commercial property with approximately 74,571 square meters of gross floor area in China. The project was slated for completion by mid-2025, and the company was jointly owned by Suzhou Tengmao, an indirect subsidiary of China Jinmao Holdings Group, and Suzhou Chunmao before Suzhou Tengmao acquired full ownership in 2025.


Founded

2022

HQ

ChinaChina

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Subscription

Valuation

$1.3B (Jun 2025)

Shanghai Taomao Valuation

Shanghai Taomao is currently valued at $1.3B, based on its secondary sale in June 2025.

The $298M round was led by Suzhou Tengmao.

Shanghai Taomao valuation by funding round

Shanghai Taomao valuation by funding round
DateStageValuation
Jun 2025Secondary$1.3B

Shanghai Taomao Funding History

Shanghai Taomao has 1 recorded secondary share sale and no primary funding rounds.

Shanghai Taomao funding rounds

Shanghai Taomao funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2025SecondarySuzhou Tengmao (lead)$298M$1.3BShanghai Taomao, established in August 2022, is a real estate project company developing a project with approximately 74,571 sq.m. of gross floor area, expected to complete construction by end of June 2025. As of 31 December 2024, it had audited total assets of RMB9,144.73 million and net assets of RMB3,599.63 million, with registered capital of RMB3,710 million. On 24 June 2025, Suzhou Tengmao, an indirect wholly-owned subsidiary of China Jinmao Holdings Group Limited, entered into an Equity Transfer Agreement with Suzhou Chunmao to acquire 49% equity interests in Shanghai Taomao for RMB2,136.89 million. Prior to the transaction, Shanghai Taomao was held 51% by Suzhou Tengmao and 49% by Suzhou Chunmao. Upon completion, Suzhou Tengmao will own 100%. The consideration was determined based on the appraised value of Shanghai Taomao's assets as at 31 December 2024 of RMB4,373,690,751.70 (RMB4,363.69 million equivalent), valued by an independent valuer using the asset-based approach, along with property market conditions and other factors. Payment is to be made in one lump sum.

Who has invested in Shanghai Taomao?

1 investor has backed Shanghai Taomao across its funding rounds, including Suzhou Tengmao.

Lead investors include Suzhou Tengmao.


Shanghai Taomao Investors

Investors in Shanghai Taomao by funding rounds participated
InvestorHQRoundsRoleFirst check

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Shanghai Taomao Competitors

Shanghai Taomao competitors include listed companies like TLG Immobilien, United Real Estate Company (URC), Shoucheng Holdings and Suzhou New District, and private ones like Habi and Orchard.

Public and private companies comparable to Shanghai Taomao
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TLG ImmobilienGermanyGermanyPublicly listed$166M$21M$1.2B-
United Real Estate Company (URC)KuwaitKuwaitPublicly listed$336M$111M$1.2B-
Shoucheng HoldingsChinaChinaPublicly listed$183M$79M$1.4B5.8x
Suzhou New DistrictChinaChinaPublicly listed$816M$180M$1.1B10.5x
HabiColombiaColombiaPrivate--$1B-
OrchardUnited StatesNew York City, NYPrivate--$1B-

Shanghai Taomao Public Comps

Shanghai Taomao is still privately-owned, but its public comps include Blue Square Real Estate, Rönesans GYO, TAG Colonia-Immobilien, Forestar Group, TLG Immobilien, United Real Estate Company (URC), Dar Global, Lamda Development, Retal and Zug Estates Holding.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Blue Square Real Estate$186M$121M15.1x-23.1x-
Rönesans GYO$260M$203M7.0x4.9x9.0x7.3x
TAG Colonia-Immobilien$1.1B$589M4.3x-8.1x-
Forestar Group$1.7B$217M1.1x1.1x8.1x8.4x
TLG Immobilien$166M$21M7.5x-59.2x-
United Real Estate Company (URC)$336M$111M8.6x-25.9x-
Dar Global$539M$130M2.5x2.5x10.3x-
Lamda Development$653M$230M4.3x4.0x12.2x29.1x

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Common questions about Shanghai Taomao

When was Shanghai Taomao founded?Shanghai Taomao was founded in 2022.
Where is Shanghai Taomao headquartered?Shanghai Taomao is headquartered in China.
Is Shanghai Taomao publicly listed?No, Shanghai Taomao is a private, VC-backed company.
What is Shanghai Taomao's valuation?Shanghai Taomao was last valued at $1.3B in its secondary sale in June 2025.
Who are Shanghai Taomao's investors?Shanghai Taomao's investors include Suzhou Tengmao.
Which companies are comparable to Shanghai Taomao?Companies comparable to Shanghai Taomao include TLG Immobilien, United Real Estate Company (URC), Shoucheng Holdings, Suzhou New District, Habi and Orchard.

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