iShangzu secures USD 45M to expand apartment rental services, & more

Online apartment rental platform iShangzu receives USD 45M for Series B


Founder: Ma Jie

Founded in: 2015

Financing status: RMB 300 million (USD 45 million) for Series B financing in 2017

Online apartment rental platform, iShangzu, received USD 45 million for Series B on September 28 to boost its operational efficiency.

iShangzu is an online apartment rental platform that provides users with high quality apartment rental and life services. As opposed to traditional O2O rental platforms, which ask apartment owners to upload their information which tenants directly connect to, iShangzu integrates many apartments by purchasing or cooperating with third party property companies, and then processes the rental operation itself. The company offers full tenancy, joint tenancy, and apartments for singles. All of its apartments are designed by professional well-known design teams, and are equipped with free high speed WiFi and brand appliances, providing professional repair, cleaning, and other services biweekly.

Founded in 2015 in Hangzhou, it has branches in Shanghai, Hangzhou, Suzhou and Nanjing, with more than 2500 employees. There are more than 50,000 units for rental on iShangzu’s platform. It has made strategic cooperation with hundreds of well-known domestic enterprises, including Alibaba, Baidu, ant gold clothing, Nippon, Midea, Haier and so on.

This new financing round was led by home products manufacturer Kuka and a Shenzhen-based venture capital CMAF. The capital will be used to improve the apartment experience, and to build systems for better services and higher efficiency.

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Home products e-commerce platform Quanwuyoupin receives USD 5M for Series A


Founder: Zhou Zhisheng

Founded in: 2016

Financing status: RMB 30 million (USD 5 million) for Series A financing in 2017

Home products e-commerce platform Quanwuyoupin received USD 5 million for Series A on September 27 to test new forms of sale.

Quanwuyoupin is a home products e-commerce platform that provides customers with all categories of home products with competitive prices. It integrates with B2B and B2C marketing modes to facilitate sales. It has established a supply chain to improve the delivery efficiency, customers place orders can get their products on time.

Founded in 2016 in Shenzhen, it has set offline outlets for services in more than 150 cities across China. Meanwhile, it cooperates with other companies from relevant industries to expand its distribution channel. Its partners mainly from house decoration industry, real estate industry and so on.

This Series A financing round was led by K2VC. The company plans to use the fund to test new forms of sale as it is follow the ‘new retail’ trend. Meanwhile, invest in market expansion plans to capture a larger market.

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Kaikai Shi

Kaikai Shi writes for us. He holds a bachelor's degree in Biotechnology at Zhejiang University. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.

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