# Baiwang.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/baiwang-com

- Industry: Financial Services
- Headquarters: Beijing, China
- Website: www.baiwang.com
- Total disclosed funding: $70M
- Latest round: Series C (Mar 2, 2021)
- Investors on record: 4

## About

Based in Beijing, China and established in 2015, Baiwang.com is a SaaS service provider that provides invoice, certificate digitalization solutions and services. In 2016, the company launched the Ali Invoice Platform. In 2021, it released its blockchain platform. In June 2024, the firm raised HKD 260 million in pre-IPO funding. In July 2024, Baiwang.com was listed on the Hong Kong Stock Exchange. Its stock code is 06657. The company has branches in cities such as Shanghai, Guangzhou and Suzhou.
 
The company mainly provides services such as electronic invoice management system, electronic accounting file system, fiscal and tax management, and supply chain coordination for enterprises and governments. Its clients include China National Petroleum Corporation, Industrial and Commercial Bank of China, Ping An Insurance and other companies.
 
The company’s revenue is generated by providing digital solutions and services such as electronic invoice compliance management and intelligent financial and tax management.
 
In the future, the company will upgrade the reconciliation and automation modules in the supply chain collaboration solution, expand the types of transaction vouchers that can be automatically processed, and establish a tax platform that carries more financial and tax management solutions.

## Funding rounds

- Series C, Mar 2, 2021 — Xingyuan Venture Capital
- Series B, Aug 25, 2019, $70M — Oriental Fortune Capital, Shenzhen Guozhong Venture Capital, Shenzhen Capital Real Estate Fund

## Investors

- Oriental Fortune Capital (https://capitalatlas.ai/funds/oriental-fortune-capital) — Series B
- Shenzhen Guozhong Venture Capital (https://capitalatlas.ai/funds/shenzhen-guozhong-venture-capital) — Series B
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series B
- Xingyuan Venture Capital (https://capitalatlas.ai/funds/xingyuan-venture-capital) — Series C