- Companies
- Wangdiantong
Wangdiantong Funding, Investors & Competitors
Wangdiantong has raised $449M across 4 funding rounds, most recently a $312M Series D in October 2021.
Last Wangdiantong funding round
$312M
Series D · Oct 2021
Cumulative funding Wangdiantong raised
$449M
across 4 funding rounds
Key investors in Wangdiantong
Legend Capital
GIC
GL Ventures LLC
SoftBank Group
SBVA
CPE
Joint venture (TPG and SoftBank)
About Wangdiantong
Wangdiantong is a Hangzhou-headquartered provider of enterprise-level e-commerce ERP software, supporting platforms like Taobao, Tmall, JD.com, Amazon, and Alibaba. Via www.wangdian.cn, its system manages multi-warehouse inventory, orders, purchasing, after-sales, CRM, and cashier functions for online and physical stores.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Wangdiantong Funding History
Wangdiantong has raised a total of $449M across 4 funding rounds.
Wangdiantong's first fundraising round was a $15M Series A in May 2019. The most recent completed round was a $312M Series D in October 2021.
Wangdiantong funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2021 | Series D | SoftBank Group (lead); CPE; GL Ventures LLC; GIC; Legend Capital | $312M | Wangdiantong (网店通) is a Chinese SaaS company providing supply chain management software for e-commerce sellers, particularly those on platforms like Amazon and domestic marketplaces. It helps with inventory, order fulfillment, ERP, and multi-channel operations. The company raised funding on approximately October 28, 2021, led by SoftBank Vision Fund with participation from CPE, GIC, GL Ventures LLC, and Legend Capital. Wangdiantong is referenced in 2026 SEC filings by DDC Enterprise as a current software provider used alongside Jushuitan for operations. |
| Dec 2020 | Series C | GIC (lead); GL Ventures LLC; SBVA; Legend Capital | $100M | - |
| May 2020 | Series B | Legend Capital (lead) | $23M | Wangdiantong raised approximately $22.9 million in a Series B funding round on April 30, 2020, led by Legend Capital. The company went on to raise a Series C round of $100 million in December 2020, demonstrating strong investor momentum. In total, Wangdiantong has raised $114.48 million across three funding rounds. |
| May 2019 | Series A | Joint venture (TPG and SoftBank) (lead) | $15M | Wangdiantong, a Chinese SaaS provider, received $14.4 million in funding from a joint China-focused fund launched by TPG and SoftBank Ventures Asia. The investment was part of a broader trend of SaaS companies targeting e-commerce platforms in China, alongside competitors like Jushuitan that raised capital from similar tier-one investors including Sequoia Capital China. |
Who has invested in Wangdiantong?
7 investors have backed Wangdiantong across its funding rounds, including Legend Capital, GIC, GL Ventures LLC, SoftBank Group, SBVA and CPE.
Lead investors include SoftBank Group, GIC, Legend Capital and Joint venture (TPG and SoftBank).
Wangdiantong Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | May 2020 | ||
| 2 | Participant | Dec 2020 | ||
| 2 | Lead | Dec 2020 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Lead | Oct 2021 | ||
This data is available for Pro users. Sign up to see all 7 Wangdiantong investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialWangdiantong Competitors
Wangdiantong competitors include listed companies like Lightspeed Commerce and Shiprocket, and private ones like commercetools, Swiftly, Replit and Perk.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $150M | - | $1.9B | 12.7x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $1.2B | ($13M) | $1.2B | 0.7x | ||
| Private | $1B | - | $9B | 9.0x | ||
| Private | $300M | - | $2.7B | 9.0x | ||
| Publicly listed | $211M | ($7M) | $917M | - |
Wangdiantong Public Comps
Wangdiantong is still privately-owned, but its public comps include Shopify, Toast, GoDaddy, Wix.com, Shiji Group, Newland Digital Tech, Agilysys, Vusion, Pine Labs and Diebold Nixdorf.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $12B | $1.2B | 13.9x | 11.3x | 132.9x | 61.9x | |||
| $6.2B | $359M | 2.6x | 2.3x | 44.6x | 20.8x | |||
| $5B | $1.3B | 3.1x | 2.9x | 11.7x | 8.9x | |||
| $2B | ($13M) | 2.2x | 2.0x | (352.9x) | 14.4x | |||
| $416M | $21M | 6.4x | 6.2x | 128.0x | 97.1x | |||
| $1.3B | $189M | 1.8x | 1.5x | 12.2x | 10.6x | |||
| $319M | $57M | 8.7x | 8.1x | 48.7x | 35.8x | |||
| $1.7B | $313M | 1.0x | 0.9x | 5.6x | 4.8x | |||
This data is available for Pro users. Sign up to see all Wangdiantong competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Wangdiantong
| When was Wangdiantong founded? | Wangdiantong was founded in 2011. |
| Where is Wangdiantong headquartered? | Wangdiantong is headquartered in Beijing, China. |
| Is Wangdiantong publicly listed? | No, Wangdiantong is a private, VC-backed company. |
| How much funding has Wangdiantong raised? | Wangdiantong has raised $449M across 4 funding rounds. |
| What was Wangdiantong's last funding round? | Wangdiantong's last funding round was a $312M Series D in October 2021, led by SoftBank Group. |
| Who are Wangdiantong's investors? | Wangdiantong's investors include Legend Capital, GL Ventures LLC, GIC, CPE, SoftBank Group, SBVA and Joint venture (TPG and SoftBank). |
| Which companies are comparable to Wangdiantong? | Companies comparable to Wangdiantong include commercetools, Swiftly, Lightspeed Commerce, Replit, Perk and Shiprocket. |
See companies similar to Wangdiantong
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




