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Lianshang

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Chinese B2B fabric trading platform

Huangpu, ChinaFounded 2014eCommerce & Marketplaces
Valuation $100–250M Last recorded · 2017
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Lianshang and the history behind them.

About Lianshang

Lianshang, operating under Shanghai Lianzhan International Trade Co., Ltd., is a B2B e-commerce platform focused on the fabric and textile accessories market. The company was established to address inefficiencies within the traditional fashion and apparel supply chain. It serves as a digital conduit between fabric suppliers and clothing companies, including designers and apparel businesses, aiming to streamline the procurement process.

The company was founded in March 2015 by Zhao Junhao, who brought 22 years of apparel industry experience to the venture. His background includes roles as the China CEO for an international fashion brand and CEO of POS FASHION Group. This deep industry expertise allowed him to identify critical pain points such as procurement delays, information asymmetry, and lack of transparency in offline transactions. The platform officially launched in August 2015. Initially, the company struggled to find the right business model, attempting to replicate the success of B2B platforms in other sectors before restructuring its team and strategy to better serve the unique needs of the fashion supply chain.

Lianshang's core business revolves around a platform where suppliers can list their materials and buyers can efficiently source them. The platform significantly reduces the time and increases the efficiency of sourcing fabrics, compressing a process that could take a week into a couple of days. Beyond simply matching buyers and sellers, Lianshang has invested in value-added services. The company established a fabric inspection service, "Yanbufang," and a larger "Apparel Internet Testing Center" to provide quality control, delivering inspection reports within 24 hours. This addresses a major industry issue where a high percentage of garment defects originate from raw material problems. The business model aims to transform the entire apparel production supply chain, allowing brands to focus on research, development, and marketing by outsourcing the complexities of production and procurement.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2014
Headquarters
Huangpu, China
Employees
46
Open positions
None listed
Dealroom signal
0.0/100
Industry
Fashion
Sector
eCommerce & Marketplaces, Consumer Goods, Rumoured $1B, B2b Online Marketplace
Business model
Marketplace & ecommerce
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Jul 2017 $30M $120M Huaxing Growth Capital · China Renaissance · Fengshion Capital —
SERIES BOther financing Jun 2016 $15M $60M China Growth Capital —
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

Lianshang website traffic

Latest recorded traffic for Lianshang is 230 monthly website visits, up 35.3% over the last three months. Lianshang's team grew 0% over the past year.

Latest monthly visits230 3-month web change+35.3% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

5 investors on the cap table

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

Series A2 investors entered at this stage

Series B and later3 investors entered at this stage

  • China Renaissance
  • Fengshion Capital
  • Huaxing Growth Capital
Employees 46 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

An AI-synthesised read of the highest-engagement posts about Lianshang on X, ranked by likes and reposts, corporate channels excluded.

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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