Baiwang.com Asset Profile

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Year established

2015

Location

Beijing China

Primary Industry

Financial Services

About

Based in Beijing, China and established in 2015, Baiwang.com is a SaaS service provider that provides invoice, certificate digitalization solutions and services. In 2016, the company launched the Ali Invoice Platform. In 2021, it released its blockchain platform. In June 2024, the firm raised HKD 260 million in pre-IPO funding. In July 2024, Baiwang.com was listed on the Hong Kong Stock Exchange. Its stock code is 06657. The company has branches in cities such as Shanghai, Guangzhou and Suzhou. The company mainly provides services such as electronic invoice management system, electronic accounting file system, fiscal and tax management, and supply chain coordination for enterprises and governments. Its clients include China National Petroleum Corporation, Industrial and Commercial Bank of China, Ping An Insurance and other companies. The company’s revenue is generated by providing digital solutions and services such as electronic invoice compliance management and intelligent financial and tax management. In the future, the company will upgrade the reconciliation and automation modules in the supply chain collaboration solution, expand the types of transaction vouchers that can be automatically processed, and establish a tax platform that carries more financial and tax management solutions.

Current Investors

Pusu Capital, Alibaba Group, Oriental Fortune Capital

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Primary Industry

Financial Services

Sub Industries

Business Support Services, Accounting Services, e-Financial, Accounting/Finance Software

Website

www.baiwang.com

Verticals

Artificial Intelligence, Blockchain, Cloud Computing, FinTech

Company Stage

Series C

Total Amount Raised

Subscriber access only

Deals

Deals Type
IPO

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Baiwang.com	08 Jul 2024

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