What is Baixing?
Baixing operates as a comprehensive online marketplace for classified advertisements, connecting buyers and sellers across various categories. Founded by Jianshuo Wang, Jia Li, and Xiao Liang Pan, the Shanghai-based company has established itself as a key player in the Chinese digital advertising landscape. Its platform facilitates a wide range of transactions, from real estate and automotive listings to job postings and personal items, catering to diverse consumer needs.
How much funding has Baixing raised?
Baixing has raised a total of $509M across 5 funding rounds:
Series A
$4M
Series B
$23M
Series C
$28M
Series D
$100M
Series E
$354M
Series A (2007): $4M with participation from eBay and GSR Ventures
Series B (2008): $23M led by GSR Ventures, eBay, and Benchmark
Series C (2011): $28M supported by Tenaya Capital
Series D (2015): $100M, investors not publicly disclosed
Series E (2015): $354M backed by CITIC Limited and Shenzhen Capital Group
Key Investors in Baixing
eBay
eBay is a global e-commerce company that operates eBay.com, an online auction and shopping website. Its investment in Baixing suggests a strategic interest in the classifieds market and potential synergies with its own e-commerce operations.
GSR Ventures
GSR Ventures is a venture capital firm focused on investing in early-stage technology companies, particularly in China. Their backing of Baixing indicates a belief in the company's innovative approach and growth potential within the Chinese tech ecosystem.
CITIC Limited
CITIC Limited is a major Chinese conglomerate with diverse business interests, including financial services and technology. Their participation in Baixing's funding round highlights the company's significant scale and strategic importance within the Chinese market.
What's next for Baixing?
With the recent infusion of capital, Baixing is poised for accelerated expansion and further development of its platform's capabilities. The strategic investment signals confidence from its backers in Baixing's business model and its potential to capture a larger share of the online classifieds market. Future initiatives are likely to focus on enhancing user experience, leveraging data analytics for targeted advertising, and potentially exploring new service verticals to maintain its competitive edge and drive sustainable growth.
See full Baixing company page
