JD Capital’s Investee TideBuy Raised RMB 200 million in Series B Financing

2017-03-02

On March 2, Tidebuy, a leader of the fast-fashion cross-border e-commerce industry, announced its success of raising RMB 200 million yuan in Series B financing.Mh6威尼斯欢乐娱人成app(600053.SH)_上交所私募股权投资领域上市企业

The VC fund of JD Capital invested in TideBuy in 2015 as a lead investor in its Series A financing.Mh6威尼斯欢乐娱人成app(600053.SH)_上交所私募股权投资领域上市企业

Founded in 2010, TideBuy is an enterprise specialized in cross-border B2C e-commerce. The enterprise, catering to middle-end markets worldwide, regards young females in pursuit of both fashion and quality as its targeted customers. With the self-established vertical e-commerce website as the main body, and the third-party stores and 2B business supplementary, TideBuy integrates its supply chains in depth. The website, with multiple language versions, focuses on such areas as ready-to-wears, wedding dresses and household products.Mh6威尼斯欢乐娱人成app(600053.SH)_上交所私募股权投资领域上市企业

TideBuy has set up a product R&D team of “data monitoring development + buyers + designers,” hence a business model of less stock, disintermediation and more coordination. The enterprise features quick-response supply chains, in-depth marketing based on technologies, and self-development of informationalized systems. With cloud services and informationalized technologies auxiliary to its major businesses, TideBuy supports multinational and multi-site teamwork. It directly obtains data and carries out independent marketing by cooperating with 谷歌 and getting through API. In addition, it realizes self-development in its front-end website, back-end product R&D, ERP system and financial system. And most of the system products are open to the public, so as to expand enterprise-level services.Mh6威尼斯欢乐娱人成app(600053.SH)_上交所私募股权投资领域上市企业

In 2016, the transaction volume of import and export cross-border e-commerce (including retail and B2B) enterprises in China reached RMB 6.3 trillion, a year-on-year increase of 23.5%. However, the industry is still widely dispersed, so the future growth is of great possibilities. Investing in TideBuy is an important attempt for the VC fund of JD Capital to engage itself in the area of cross-border e-commerce.Mh6威尼斯欢乐娱人成app(600053.SH)_上交所私募股权投资领域上市企业

As the cross-border e-commerce market continuously grows, it is bound to give rise to a batch of “unicorns” with an assessed value of over USD 1 billion. JD Capital, as an investor of TideBuy, will help the enterprise obtain industrial resources in depth, expand its market space and build itself into an international brand and thus become an industrial “unicorn.”Mh6威尼斯欢乐娱人成app(600053.SH)_上交所私募股权投资领域上市企业


Mh6威尼斯欢乐娱人成app(600053.SH)_上交所私募股权投资领域上市企业

Appendix: Financing History of TideBuyMh6威尼斯欢乐娱人成app(600053.SH)_上交所私募股权投资领域上市企业

● September 2015, Series A financing finished, with JD Capital as the lead investor;Mh6威尼斯欢乐娱人成app(600053.SH)_上交所私募股权投资领域上市企业

● March 2017, Series B financing finished, with Infiniti as the lead investor, and ABC Capital, Sinowisdom Capital and KoalaFund followed suit.Mh6威尼斯欢乐娱人成app(600053.SH)_上交所私募股权投资领域上市企业

  • Jiuding Group
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  • JT Asset Management
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  • JX AMC
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