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FANFAN

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Manga content provider and anime merchandise developer

Hangzhou, ChinaFounded 2009
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About FANFAN

Fanfan, legally known as Fanfan Animation Technology Co., Ltd., is a multifaceted anime and manga company founded in Hangzhou, China, in 2009 by CEO Shen Hao. Shen Hao, who studied and worked in Japan, leveraged his connections to establish a strong relationship with the major Japanese publisher Shueisha. This partnership became a cornerstone of Fanfan's initial business, allowing the company to legally introduce and distribute prominent manga titles like 'One Piece,' 'Naruto,' and 'Bleach' to the Chinese market.

Initially focused on licensing and distributing Japanese manga, the company has significantly evolved its business model. While copyright importation remains a part of its operations, Fanfan has expanded into incubating original Chinese comics (manhua) and promoting these works internationally, particularly in Japan. The company has become one of the largest Chinese content providers in the Japanese market. A notable achievement includes their original work 'Gunjou no Magmell' ('Ultramarine Magmell' or 'Shi You Zhi Guo') being serialized on Shueisha's 'Shōnen Jump+' platform and later adapted into an anime with Shueisha's participation on the production committee.

Recognizing the market potential, Fanfan has strategically shifted its focus towards the lucrative derivatives and merchandise sector. The company now develops and sells a wide range of products, from collectible figures to apparel, under its 'San Yue Shou' (三月兽) or 'March Monster' brand. It operates a robust e-commerce presence on platforms like Tmall and has opened physical retail stores, aiming to create immersive offline experiences for fans through stores and exhibitions. This pivot towards derivatives is a key component of its current monetization strategy, complementing its revenue from content creation and licensing.

Source: Dealroom company data

At a glance

Founded
2009
Headquarters
Hangzhou, China

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A4 investors entered at this stage

Employees 12 total headcount
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇨🇳 China100%
1 country shown

Market sentiment

Posts on X, past 7 days

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Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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