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Juanpi

eCommerce & Marketplaces · Wuhan, China · Founded 2012

Juanpi.com operates as an online product discovery platform deeply rooted in China's competitive e-commerce sector. Founded in 2010 by Kurt Xia and with Chengsong Huang as CEO, the company established its headquarters in Wuhan, China, with corporate offices later noted in Shenzhen. The platform's business model is centered on offering a wide array of discounted products, enabling consumers to find affordable goods without compromising on quality. The company's core business revolves around a fair price e-commerce platform that provides a curated and enjoyable shopping experience. It targets consumers looking for value, offering products across numerous categories including apparel, fashion goods, electronics, home goods, cosmetics, and maternity and baby supplies. Juanpi claims to have amassed a user base of over 100 million, indicating a significant market penetration within the Chinese consumer landscape. The platform functions in the populous B2C internet retail market, directly competing with e-commerce giants like Amazon and JD.com as well as other platforms such as Xiaohongshu and Temu. Juanpi has demonstrated considerable growth, underscored by its successful fundraising efforts. The company is backed by venture capital and has raised a total of $136 million over three funding rounds. Its first funding round occurred in July 2014, followed by a Series A round of $8.01 million in June 2014 and a Series B in December 2014. A significant milestone was achieved on April 13, 2016, with a Series C funding round of $93 million, co-led by prominent investors Tiantu Capital and China Merchants Bank. Other notable investors include SAIF Partners, New Access Capital, and Zhejiang Jinkong Capital. In November 2019, Juanpi also made a corporate investment in RoboSoup. Keywords: online retail, e-commerce platform, discounted products, B2C marketplace, product discovery, fashion goods, consumer electronics, home goods, maternity supplies, Chinese market, venture capital, Kurt Xia, Tiantu Capital, China Merchants Bank, SAIF Partners, internet retail, value shopping, affordable goods, online shopping, Wuhan startup