Caplight Logo









Zhuanzhuan

Zhuanzhuan

Private
Beijing, BeijingConsumer & Commercehttp://www.zhuanzhuan.com

Last Round

Series D

Extension

Jun 17, 2021

Est. Valuation

$1.8B

Total Funding Raised

$990M

Company Overview

Zhuanzhuan is a Chinese online marketplace for second-hand goods, operating on both a peer-to-peer (P2P) and consumer-to-business-to-consumer (C2B2C) model. Founded in 2015 and spun off from the classifieds platform 58.com, the company provides a platform for users to buy and sell used items across a wide range of categories, including electronics, clothing, and furniture. Backed by major investors like Tencent and Xiaomi, Zhuanzhuan aims to promote a sustainable, circular economy by facilitating the reuse of goods. To build trust in the second-hand market, the company offers value-added services such as quality inspections, delivery, and after-sales service, leveraging technologies like AI and big data. The company generates revenue primarily from transaction fees, advertising, and other premium services.

Sector

Consumer & Commerce

Verticals

E-commerce, Circular Economy, Mobile Commerce, Retail Technology

Business Model

B2B2C

Customer Profile

Marketplace Commission, Services & Consulting

AI Layer

Non-AI

Keywords

secondhand marketplacerecommerce platformC2B2C marketplacemanaged marketplacequality inspectionsecondhand electronicsrefurbished electronicsofficial verificationresale platformescrow paymentsproduct warrantyafter-sales supportmarketplace commissionheavy modeloffline retailsecondhand luxury goods

Historical Pricing

Historical view of private secondary pricing and transaction trends.

Unlock Pricing Charts

Sign up to view complete historical pricing and secondary transactions.

Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

View Momentum History

Track how buyer interest and sentiment changes over time.

Zhuanzhuan Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

View Full Comps Set

Access detailed peer comparisons, multiples, and valuation benchmarks.

Zhuanzhuan Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series D ExtensionJun 17, 2021
Series CApr 2, 2021
Series BSep 11, 2019
Series AApr 18, 2017

Zhuanzhuan Investors

Notable investors and investment history

InvestorRounds
Advantech CapitalSeries D Extension
Shunwei CapitalSeries D Extension

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 17, 2026

    Establishing an international business headquarters in Hong Kong.

  • Apr 2, 2026

    Launched a new 'interest zone' for games, digital media, and VR products.

Zhuanzhuan Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation

Zhuanzhuan Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Zhuanzhuan's valuation, stock price, and market status.

Firmographic Details

HeadquartersBeijing, Beijing
Employee Range194
Year Founded2015
Last FundingJun 17, 2021

Institutional Data Access

Join leading institutional investors using Caplight to access private market data, discover pricing, and execute secondary block trades.

Requires verified institutional or accredited status.







Disclaimer All investments involve risk, including the risk of loss of principal. You should carefully consider your investment objectives, risks, transaction costs and other expenses before deciding to invest in options, swaps or other investments.This does not constitute an offer by Caplight Technologies, Inc. to sell, or a solicitation of an offer to buy, any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement(s), and will be subject to the terms and conditions and risks delivered in such documents. Any securities offered are offered through Caplight Markets LLC, member FINRA/SIPC.