Qituanwang Asset Profile

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Year established

2019

Location

Shijiazhuang Heibei China

Primary Industry

Internet

About

Established in 2019 and based in Shijiazhuang, China, Qituanwang is a group purchase platform that focuses on furniture via live broadcast. It has more than 30 customer service staff and more than 1,200 marketing supervisors. The founder, Liang Zhao, has been working in the home-building materials industry for 11 years. In May 2019, the company raised approximately CNY 10 million in angel funding from new investor SJ Jiacheng Investment Management. In December 2020, Qituanwang closed a strategic investment from new investor IDG Capital. The company launched a video group purchase website for home products, providing home improvement services to users through the O2O model and Internet technology. The platform links B-side merchants and C-side users and operates together with B-side merchants. In the form of a live broadcast, users can pay online deposits and pick up the goods at the offline stores to complete the transaction. The company has completed more than 2 million orders in total.

Current Investors

Shengjing Capital, IDG Capital

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Primary Industry

Internet

Sub Industries

Furniture, Web Applications, Sales & Marketing Software

Verticals

E-commerce

Company Stage

Angel & Seed

Total Amount Raised

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