XINGYUN GROUP Valuation, Funding & Investors

XINGYUN GROUP is valued at $2B as of April 2021.

Last XINGYUN GROUP valuation

$2B

Series C · Apr 2021

Last XINGYUN GROUP funding round

$600M

Series C · Apr 2021

Cumulative funding XINGYUN GROUP raised

$950M

across 5 funding rounds

Key investors in XINGYUN GROUP

  • Matrix Partners China
  • Eastern Bell Capital
  • 5Y Capital
  • Oriental Fortune Capital
  • GSR United Capital
  • Oriza Holdings

XINGYUN GROUP Overview

About XINGYUN GROUP

Xingyun Group is a digital supply chain platform for consumer goods. It delivers SaaS tools for full-process management and one-stop direct-to-consumer services across categories. The company's global engine integrates resources in 72 countries and one region via nearly 160 warehouses, serving over 350,000 retailers in China while aiding overseas brands entering China and Chinese brands expanding abroad.


Founded

2015

HQ

ChinaShenzhen

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$2B (Apr 2021)

XINGYUN GROUP Valuation

XINGYUN GROUP is currently valued at $2B, based on its Series C in April 2021.

The $600M round was led by Crescent Point, Harvest Global Investments and YF Capital.

XINGYUN GROUP's valuation has moved from $2B at its Series C in September 2020 to $2B in April 2021, across 2 priced rounds.

XINGYUN GROUP valuation by funding round

XINGYUN GROUP valuation by funding round
DateStageValuation
Apr 2021Series C$2B
Sep 2020Series C$2B

XINGYUN GROUP Funding History

XINGYUN GROUP has raised a total of $950M across 5 funding rounds.

XINGYUN GROUP's first fundraising round was a $2M angel round in September 2015. The most recent completed round was a $600M Series C in April 2021.

XINGYUN GROUP funding rounds

XINGYUN GROUP funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2021Series CCrescent Point (lead); Harvest Global Investments (lead); YF Capital (lead)$600M$2BXingyun Group is a Shenzhen-based B2B comprehensive services platform for global commodities trading in China. Founded in 2015 by Billy Wang, the company operates in the B2B, cosmetics, e-commerce, logistics, and supply chain management sectors. The company raised $600 million in its Series C-II funding round on April 19, 2021, with investors including Crescent Point, Harvest Global Investments, YF Capital, 5Y Capital, Boston Capital Ventures, HighLight Capital, Keywise Capital, Matrix Partners China, Mirae Asset Capital, Skywalker Ventures, Taikang Life Insurance, and UOB Venture Management. This round was part of Xingyun Group's larger fundraising effort, having raised a total of $953.5 million across five funding rounds by April 2021. The company achieved unicorn status with a post-money valuation of $2 billion based on its September 2020 valuation of $2 billion, making it one of China's prominent B2B e-commerce and logistics platforms.
Sep 2020Series CHighlight Capital (lead); Taikang Insurance Group (lead); United Media FOFs (lead); Matrix Partners China; Focustar Capital; C&D Emerging Investment; Pantheon Ventures; Hidden Hill Capital; 5Y Capital; Source Capital$200M$2BXingyun Group is an international e-commerce service company based in Shenzhen, China, providing a digital supply chain services platform to small and medium-sized merchants. The company has raised a total of $953.5M across 5 funding rounds from 29 investors. Its Series C round occurred on September 24, 2020, matching the specified investors including 5Y Capital, C&D Emerging Investment, Focustar Capital, Hidden Hill Capital, Highlight Capital (lead), Matrix Partners China, Pantheon Ventures, Source Capital, Taikang Insurance Group (lead), and United Media FOFs (lead). The Series C round valued Xingyun Group at $2,000M post-money. This followed a Series B - II in August 2019 and preceded a Series C - II in April 2021 raising $600M from additional investors like Boston Capital Ventures and Yunfeng Capital. The company has grown to 769 employees and partnered on projects like the 'Australian National Mall' WeChat mini-program in 2021 with Austrade and WeChat Pay for cross-border e-commerce.
Aug 2019Series BOriental Fortune Capital (lead); Matrix Partners China; Cinda International Hldgs; Hongtai Capital Holdings; Lan Fund; Sino-Rock Investment Management; Oriza Holdings; Eastern Bell Capital$100M-Xingyun Group is a Shenzhen-based supply chain provider offering one-stop solutions for imported goods including consultancy, logistics, trading, and financial services to help enterprises improve import efficiency. The company also operates a cross-border e-commerce platform called XY-Storehouse and employs over 500 professionals globally. In August 2019, Xingyun closed a Series B+ round with participation from Oriental Fortune Capital, Eastern Bell Capital, and Lan Fund collectively contributing $100 million alongside existing investor Matrix Partners China. The company later raised significantly more capital, with a Series C round closing in September 2020 at a $2 billion valuation, followed by a Series C-II round of $600 million on April 19, 2021. The company's total funding across all rounds reached $953.5 million as of 2021.
May 2018Series AGSR United Capital (lead)$47M-Xingyun Group is a Shenzhen-based supply chain provider specializing in imported goods from foreign countries. It operates a B2B platform facilitating supply chain services. In 2018, Xingyun Group raised a Series B round with investments from Matrix Partners, Eastern Bell Capital, GSR United Capital, and others, described as 'tens of millions of US dollars'. Subsequent rounds included a Series B+ in August 2019 with $100 million from Matrix Partners China, Oriental Fortune Capital, Eastern Bell Capital, and Lan Fund. A Series C - II followed on April 19, 2021, raising $600 million from investors including 5Y Capital, Matrix Partners China, and Yunfeng Capital, with total funding reaching $953.5 million over five rounds. Investor count stands at 29, with focus on supply chain and related sectors in China. GSR United Capital shows peak activity in 2018, primarily in China across manufacturing, AI, robotics, and software.
Sep 2015AngelEastern Bell Capital (lead)$2M--

Who has invested in XINGYUN GROUP?

21 investors have backed XINGYUN GROUP across its funding rounds, including Matrix Partners China, Eastern Bell Capital, 5Y Capital, Oriental Fortune Capital, GSR United Capital and Oriza Holdings.

Lead investors include Crescent Point, Harvest Global Investments, YF Capital, Highlight Capital, Taikang Insurance Group and 4 other investors.


XINGYUN GROUP Investors

Investors in XINGYUN GROUP by funding rounds participated
InvestorHQRoundsRoleFirst check
Matrix Partners ChinaChinaBeijing2ParticipantAug 2019
Eastern Bell CapitalChinaShanghai2LeadSep 2015
YF CapitalChinaShanghai1LeadApr 2021
Oriental Fortune CapitalChinaShenzhen1LeadAug 2019
GSR United CapitalChinaBeijing1LeadMay 2018
Crescent PointSingaporeSingapore1LeadApr 2021
Focustar CapitalChinaShanghai1ParticipantSep 2020
Cinda International HldgsChinaHong Kong1ParticipantAug 2019
C&D Emerging InvestmentChinaXiamen1ParticipantSep 2020
Pantheon VenturesUnited KingdomLondon1ParticipantSep 2020
Highlight CapitalChinaNanjing1LeadSep 2020
Taikang Insurance GroupChinaBeijing1LeadSep 2020
Hongtai Capital HoldingsChinaChina1ParticipantAug 2019

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Investments by XINGYUN GROUP

XINGYUN GROUP has invested in 3 companies to date.

Latest investment by XINGYUN GROUP was on August 1st 2024. XINGYUN GROUP invested in Yunyo E-commerce in their $3M Strategic investment round.


Latest Investments by XINGYUN GROUP

Yunyo E-commerce
Whale Chao Technology
DKJY Beauty Clinic
Description
Yunyo E-commerce is a China-based online retail platform curating consumer goods with streamlined purchasing interfaces and logistics for apparel, electronics, and home products.
Whale Chao Technology is a Chinese provider of growth marketing solutions for small and medium enterprises. It operates an IP-driven system integrating public domain traffic acquisition with private domain retention via WeChat mini-programs and CRM tools. Services include customer acquisition automation, personalized content delivery, and sales funnel optimization. The platform supports e-commerce brands on Tmall and JD.com, enabling cross-channel data synchronization.
DKJY Beauty Clinic is a China-based chain of medical aesthetics clinics specializing in treatments for acne-prone skin, anti-aging procedures, and customized aesthetic services. The company operates the Eggshell Muscle Beauty brand, which targets muscle-related skin issues through advanced therapies, and extends offerings to non-invasive microsurgery techniques and comprehensive women's health programs. Headquartered in Shanghai, it manages over 50 clinics across major Chinese cities including Beijing and Guangzhou, serving millions of clients annually with dermatology-focused solutions derived from proprietary skincare formulations.
HQ CountryChinaChinaChina
HQ City
Shanghai
Guangzhou
Guangzhou
Deal Date1 Aug 202412 Dec 202328 Feb 2023
RoundStrategic investmentAngelSeries A
Raised$3M$3M$4M
Investors-Dongliang Capital; Zhihai WangchaoWe Capital; Skywalker Capital; Tiantu Capital; Plum Ventures
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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XINGYUN GROUP Competitors

XINGYUN GROUP competitors include listed companies like GigaCloud Technology and Xiamen Xiangyu Co, and private ones like Tradeshift, Jusda, Zetwerk and Smart Fabric.

Public and private companies comparable to XINGYUN GROUP
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TradeshiftUnited StatesSan Francisco, CAPrivate$100M-$2B-
JusdaChinaShenzhenPrivate--$2.5B-
ZetwerkIndiaBangalorePrivate$102M$20M$3.1B-
Smart FabricChinaShenzhenPrivate--$2.5B-
GigaCloud TechnologyUnited StatesUnited StatesPublicly listed$1.3B$158M$1.9B1.4x
Xiamen Xiangyu CoChinaChinaPublicly listed$61B$523M$2.5B0.1x

XINGYUN GROUP Public Comps

XINGYUN GROUP is still privately-owned, but its public comps include HBX Group, TX Group, Lime, GigaCloud Technology, TBO.com, ACV Auctions, Visional, Stubhub, GO and eFinance.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
HBX Group$896M$218M3.0x3.3x12.4x5.7x
TX Group$1.1B$310M2.1x2.1x7.2x8.1x
Lime$887M$87M2.2x-22.2x-
GigaCloud Technology$1.3B$158M1.6x1.4x12.8x10.6x
TBO.com$262M$41M6.7x5.2x43.2x34.3x
ACV Auctions$760M($19M)2.3x2.1x(89.6x)24.8x
Visional$515M$157M3.3x2.6x10.8x9.3x
Stubhub$1.7B($1.4B)1.4x1.3x(1.7x)6.7x

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Common questions about XINGYUN GROUP

When was XINGYUN GROUP founded?XINGYUN GROUP was founded in 2015.
Where is XINGYUN GROUP headquartered?XINGYUN GROUP is headquartered in Shenzhen, China.
Is XINGYUN GROUP publicly listed?No, XINGYUN GROUP is a private, VC-backed company.
What is XINGYUN GROUP's valuation?XINGYUN GROUP was last valued at $2B in its Series C in April 2021.
How much funding has XINGYUN GROUP raised?XINGYUN GROUP has raised $950M across 5 funding rounds.
What was XINGYUN GROUP's last funding round?XINGYUN GROUP's last funding round was a $600M Series C in April 2021, led by Crescent Point, Harvest Global Investments and YF Capital.
Who are XINGYUN GROUP's investors?XINGYUN GROUP's investors include Matrix Partners China, Eastern Bell Capital, YF Capital, Oriental Fortune Capital, GSR United Capital, Crescent Point, Focustar Capital, Cinda International Hldgs, C&D Emerging Investment, Pantheon Ventures and 11 others.
Which companies are comparable to XINGYUN GROUP?Companies comparable to XINGYUN GROUP include Tradeshift, Jusda, Zetwerk, Smart Fabric, GigaCloud Technology and Xiamen Xiangyu Co.
How many companies has XINGYUN GROUP invested in?XINGYUN GROUP has invested in 3 companies, including Yunyo E-commerce, Whale Chao Technology and DKJY Beauty Clinic.
What was XINGYUN GROUP's last investment?In August 2024, XINGYUN GROUP invested in Yunyo E-commerce's $3M strategic investment round.

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