Xingsheng Community Network Service Co., Ltd.
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Xingsheng Community Network Service Co., Ltd. - overview
Established
2013
Location
Changsha, Hunan, China
Primary Industry
Retail
About
Established in 2013 and based in Changsha, China, Xingsheng Community Network Service Co. , Ltd. operates as an internet new retail platform that provides food products and other essentials direct to consumers. The company has many stores located in 13 provinces, municipalities directly under the central government and more than 6,000 prefectural (county) level cities and more than 30,000 townships, such as Guangdong, Jiangxi, Sichuan and Chongqing, etc.
In July 2021, it raised USD 300 million in strategic investment led by Ontario Teachers’ Pension Plan. The company mainly operates a retail platform that provides commodities including vegetables and fruits, meat, poultry and aquatic products as well as other daily necessities. It relies on physical convenience stores to provide services to users through the pre-sale + self-pickup model. User can order online and pick up offline.
The company build central warehouse - grid station - stores three-tier logistics system. The company's revenue is generated through product sales. In 2020, the GMV of the company exceeded RMB 30 billion.
Current Investors
BC Capital, GSR Ventures, Capital Today
Primary Industry
Retail
Sub Industries
Consumer Products, Food, Supermarkets & Grocery Stores
Website
www.xsyxsc.com
Verticals
E-commerce
Total Amount Raised
Subscriber access only
Xingsheng Community Network Service Co., Ltd. - deals
| Deals Type | 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Xingsheng Community Network Service Co., Ltd. | - |
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