Wanda E-Commerce Valuation, Funding & Investors

Wanda E-Commerce is valued at $3.2B as of January 2015.

Last Wanda E-Commerce valuation

$3.2B

Undisclosed stage · Jan 2015

Last Wanda E-Commerce funding round

$161M

Undisclosed stage · Jan 2015

Cumulative funding Wanda E-Commerce raised

$973M

across 2 funding rounds

Key investors in Wanda E-Commerce

Wanda E-Commerce Overview

About Wanda E-Commerce

Wanda E-Commerce is a Beijing-headquartered subsidiary of Dalian Wanda Group launched in 2014. It integrates online marketplaces with Wanda's physical malls to offer O2O shopping, flash sales, and loyalty programs.


Founded

2014

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Valuation

$3.2B (Jan 2015)

Wanda E-Commerce Valuation

Wanda E-Commerce is currently valued at $3.2B, based on its undisclosed-stage round in January 2015.

The $161M round included Centec Networks and Xude Rendao.

Wanda E-Commerce's valuation has grown 1.1x from $2.9B at its undisclosed-stage round in August 2014 to $3.2B in January 2015, across 2 priced rounds.

Wanda E-Commerce valuation by funding round

Wanda E-Commerce valuation by funding round
DateStageValuation
Jan 2015Undisclosed stage$3.2B
Aug 2014Undisclosed stage$2.9B

Wanda E-Commerce Funding History

Wanda E-Commerce has raised a total of $973M across 2 funding rounds.

Wanda E-Commerce's first fundraising round was a $813M undisclosed-stage round in August 2014. The most recent completed round was a $161M undisclosed-stage round in January 2015.

Wanda E-Commerce funding rounds

Wanda E-Commerce funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2015Undisclosed stageCentec Networks; Xude Rendao$161M$3.2BWanda E-Commerce is a China-based joint venture formed in August 2014 by Dalian Wanda Group (70% stake), Tencent, and Baidu through an initial $814 million investment, aiming to become the world’s largest online-to-offline (O2O) e-commerce company. The venture plans to launch operations in Q4 2015 and partner with online payment platform 99Bill via a $322 million Wanda Group investment. On December 29, 2014 (close to the approximate April 2015 date), it raised RMB 1 billion ($160.8 million) from new investors Centec Networks and Xude Rendao, with Centec investing $96 million for a 3% stake and Xude Rendao $65 million for a 2% stake. This funding valued Wanda E-Commerce at just over $3.2 billion, considering total planned shareholder investments over five years, and it intends to seek further funding post-launch possibly at a higher valuation.
Aug 2014Undisclosed stageWANDA Group (lead); Tencent; Baidu$813M$2.9BWanda E-Commerce was founded in August 2014 as a 5 billion RMB ($814 million) joint venture by Wanda Group (majority stake), Tencent, and Baidu, aiming to rival Alibaba with an online-to-offline model leveraging Wanda's physical retail network of malls and 1.5 million customers in 2014. In early 2015, it raised 1 billion RMB ($161 million) from investors including Shengke Limited and Hong Kong Xu De Ren Dao E-commerce Investment Co., quadrupling its valuation to 20 billion RMB ($3 billion). Post-funding stakes included 3% for Centec Networks and 2% for Xude Rendao. The company planned full operations in Q4 2014 and a second fundraising round.

Who has invested in Wanda E-Commerce?

5 investors have backed Wanda E-Commerce across its funding rounds, including Tencent, Baidu, WANDA Group, Centec Networks and Xude Rendao.

Lead investors include WANDA Group.


Wanda E-Commerce Investors

Investors in Wanda E-Commerce by funding rounds participated
InvestorHQRoundsRoleFirst check
Centec NetworksChinaSuzhou1ParticipantJan 2015
TencentChinaShenzhen1ParticipantAug 2014
BaiduChinaBeijing1ParticipantAug 2014

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Investments by Wanda E-Commerce

Wanda E-Commerce has invested in 1 company to date.

Latest investment by Wanda E-Commerce was on October 14th 2016. Wanda E-Commerce invested in ETCP in their $230M Series B round.


Latest Investments by Wanda E-Commerce

ETCP
Description
ETCP is a Beijing-headquartered leader in intelligent parking solutions, founded in 2012. The company operates nearly 20 subsidiaries across the United States, Hong Kong, and Chinese cities, with holdings in over 10 related enterprises. It supports smart city initiatives through etcp.cn.
HQ CountryChina
HQ City
Beijing
Deal Date14 Oct 2016
RoundSeries B
Raised$230M
Investors-
Valuation$1.2B
EV/Revenue
EV/EBITDA

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Wanda E-Commerce Competitors

Wanda E-Commerce competitors include listed companies like Blibli and Vishal Mega Mart, and private ones like Nuvemshop, VANCL, Yunwang Wandian and VinCommerce.

Public and private companies comparable to Wanda E-Commerce
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
NuvemshopBrazilSão PauloPrivate--$3.1B-
VANCLChinaGuangzhouPrivate--$3B-
Yunwang WandianChinaShenzhenPrivate--$3.6B-
VinCommerceVietnamHanoiPrivate--$2.5B-
BlibliIndonesiaIndonesiaPublicly listed$1.3B($83M)$2.2B1.6x
Vishal Mega MartIndiaIndiaPublicly listed$1.3B$204M$4.9B3.4x

Wanda E-Commerce Public Comps

Wanda E-Commerce is still privately-owned, but its public comps include Inchcape, Openlane, Blibli, momo.com, Polibeli Group, ACV Auctions, Modivo, Xingyun Technology, Suning.com and DeNA.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Inchcape$12B$867M0.4x0.4x5.4x5.0x
Openlane$1.9B$302M2.4x2.2x15.2x12.2x
Blibli$1.3B($83M)1.9x1.6x(28.2x)(21.5x)
momo.com$3.4B$148M0.6x0.6x13.2x12.2x
Polibeli Group$26M($4M)76.5x-(495.5x)-
ACV Auctions$760M($19M)2.3x2.1x(89.6x)24.8x
Modivo$2.9B$224M1.0x0.9x12.8x7.3x
Xingyun Technology$22M($14M)218.4x-(338.4x)-

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Common questions about Wanda E-Commerce

When was Wanda E-Commerce founded?Wanda E-Commerce was founded in 2014.
Where is Wanda E-Commerce headquartered?Wanda E-Commerce is headquartered in Beijing, China.
Is Wanda E-Commerce publicly listed?No, Wanda E-Commerce is a private, VC-backed company.
What is Wanda E-Commerce's valuation?Wanda E-Commerce was last valued at $3.2B in its undisclosed-stage round in January 2015.
How much funding has Wanda E-Commerce raised?Wanda E-Commerce has raised $973M across 2 funding rounds.
What was Wanda E-Commerce's last funding round?Wanda E-Commerce's last funding round was a $161M undisclosed-stage round in January 2015.
Who are Wanda E-Commerce's investors?Wanda E-Commerce's investors include Centec Networks, Tencent, Baidu, Xude Rendao and WANDA Group.
Which companies are comparable to Wanda E-Commerce?Companies comparable to Wanda E-Commerce include Nuvemshop, VANCL, Yunwang Wandian, VinCommerce, Blibli and Vishal Mega Mart.
How many companies has Wanda E-Commerce invested in?Wanda E-Commerce has invested in 1 company, including ETCP.
What was Wanda E-Commerce's last investment?In October 2016, Wanda E-Commerce invested in ETCP's $230M Series B.

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