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- Tuduoduo
Tuduoduo Valuation, Funding & Investors
Tuduoduo is valued at $2.3B as of December 2025.
Last Tuduoduo valuation
$2.3B
Series B · Dec 2025
Last Tuduoduo funding round
$10M
Series B · Dec 2025
Cumulative funding Tuduoduo raised
$58M
across 2 funding rounds
Key investors in Tuduoduo
Shanda Capital
Tsing Ventures
Huaguan Biotechnology
Jinan Luhu Interconnect Equity Investment Partnership
Liuzhou Dongchuang Youpao Fund
Shuike Rongshang
Tuduoduo Overview
About Tuduoduo
Tuduoduo is a Hangzhou-based B2B e-commerce platform specializing in raw materials and industrial products for manufacturing sectors. Launched in 2018, it integrates digital supply chain management, IoT-enabled procurement, and big data analytics to connect over 1 million suppliers with buyers in chemicals, metals, textiles, and machinery categories. The platform operates across China with logistics hubs in Shanghai and Shenzhen, offering blockchain-verified transactions and intelligent manufacturing tools for SMEs.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Valuation
$2.3B (Dec 2025)
Tuduoduo Valuation
Tuduoduo is currently valued at $2.3B, based on its Series B in December 2025.
The $10M round was led by Liuzhou Dongchuang Youpao Fund and Shanda Capital, with participation from Wuhan Changjiang Hongxin Investment Fund Partnership and Jinan Luhu Interconnect Equity Investment Partnership.
Tuduoduo valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2025 | Series B | $2.3B |
Tuduoduo Funding History
Tuduoduo has raised a total of $58M across 2 funding rounds.
Tuduoduo's first fundraising round was a $48M Series A in August 2023. The most recent completed round was a $10M Series B in December 2025.
Tuduoduo funding rounds
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Dec 2025 | Series B | Liuzhou Dongchuang Youpao Fund (lead); Shanda Capital (lead); Wuhan Changjiang Hongxin Investment Fund Partnership; Jinan Luhu Interconnect Equity Investment Partnership | $10M | $2.3B |
| Aug 2023 | Series A | Tsing Ventures; Shuike Rongshang; Huaguan Biotechnology | $48M | - |
Who has invested in Tuduoduo?
7 investors have backed Tuduoduo across its funding rounds, including Shanda Capital, Tsing Ventures, Huaguan Biotechnology, Jinan Luhu Interconnect Equity Investment Partnership, Liuzhou Dongchuang Youpao Fund and Shuike Rongshang.
Lead investors include Liuzhou Dongchuang Youpao Fund and Shanda Capital.
Tuduoduo Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Dec 2025 | ||
| 1 | Participant | Aug 2023 | ||
| -- | 1 | Participant | Aug 2023 | |
| 1 | Participant | Dec 2025 | ||
| 1 | Lead | Dec 2025 | ||
This data is available for Pro users. Sign up to see all 7 Tuduoduo investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialTuduoduo Competitors
Tuduoduo competitors include listed companies like Beijing United and Alibaba Group, and private ones like Moglix, Zhenkunxing, Infra.Market and GrubMarket.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $7.6B | $373M | $2.2B | 0.2x | ||
| Private | - | - | $2.5B | - | ||
| Private | - | - | $1.9B | - | ||
| Private | $1B | - | $2.8B | - | ||
| Private | - | - | $3.5B | - | ||
| Publicly listed | $153B | $15B | $266B | 1.6x |
Tuduoduo Public Comps
Tuduoduo is still privately-owned, but its public comps include Beijing United, Ocado Group, ACV Auctions, Modivo, Focus Technology, Revolve Group, Syoung Group, Gold.com, Tuhu Car and Inchcape.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7.6B | $373M | 0.3x | 0.2x | 5.9x | 5.5x | |||
| $1.9B | $135M | 2.0x | 1.8x | 27.3x | 8.0x | |||
| $760M | ($19M) | 2.3x | 2.1x | (89.6x) | 24.8x | |||
| $2.9B | $224M | 1.0x | 0.9x | 12.8x | 7.3x | |||
| $286M | $83M | 4.3x | 3.9x | 14.7x | 13.7x | |||
| $1.2B | $89M | 1.0x | 0.9x | 13.6x | 12.9x | |||
| $742M | $45M | 2.0x | 1.9x | 32.4x | 24.9x | |||
| $26B | $180M | 0.0x | 0.0x | 5.3x | 5.2x | |||
This data is available for Pro users. Sign up to see all Tuduoduo competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Tuduoduo
| When was Tuduoduo founded? | Tuduoduo was founded in 2014. |
| Where is Tuduoduo headquartered? | Tuduoduo is headquartered in Beijing, China. |
| Is Tuduoduo publicly listed? | No, Tuduoduo is a private, VC-backed company. |
| What is Tuduoduo's valuation? | Tuduoduo was last valued at $2.3B in its Series B in December 2025. |
| How much funding has Tuduoduo raised? | Tuduoduo has raised $58M across 2 funding rounds. |
| What was Tuduoduo's last funding round? | Tuduoduo's last funding round was a $10M Series B in December 2025, led by Liuzhou Dongchuang Youpao Fund and Shanda Capital. |
| Who are Tuduoduo's investors? | Tuduoduo's investors include Liuzhou Dongchuang Youpao Fund, Tsing Ventures, Shuike Rongshang, Wuhan Changjiang Hongxin Investment Fund Partnership, Shanda Capital, Huaguan Biotechnology and Jinan Luhu Interconnect Equity Investment Partnership. |
| Which companies are comparable to Tuduoduo? | Companies comparable to Tuduoduo include Beijing United, Moglix, Zhenkunxing, Infra.Market, GrubMarket and Alibaba Group. |
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