Juanpi

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.