EachNet
Latest round
- Series B
Last raised
- Oct 2000
Total raised
- $27M
Investors
- 5
About EachNet
Founded in 1999, EachNet operates as an online marketplace connecting buyers and sellers in the e-commerce sector. The company underwent significant changes when eBay Inc. acquired a 33% stake for approximately USD 30 mn in March 2002 and subsequently acquired the remaining 67% stake for USD 150 mn in June 2003.EachNet primarily offers a robust online platform designed for e-commerce transactions, facilitating a seamless experience for users engaged in buying and selling goods. Their core product is an advanced marketplace that connects consumers with a diverse array of sellers, enabling transactions in various categories such as electronics, fashion, and home goods. The platform includes features such as user accounts, secure payment options, and customer support, all aimed at enhancing user experience and security. This service addresses the challenges of accessibility and convenience in online shopping, specifically targeting consumers looking for a wide selection of products in a trusted environment.EachNet generates revenue through various transaction-based models, including commission fees on sales made through its platform. Retailers and individual sellers pay a percentage of their sales to the company, while consumers benefit from direct access to a variety of products. The revenue structure also incorporates service fees for premium features available to sellers, which may include enhanced visibility and marketing tools. This dual model supports a diverse client base, ranging from small businesses to larger retailers looking to expand their online presence. acquired the remaining 67% stake of EachNet for USD 150 mn. While specific details regarding upcoming product launches or market expansions are not provided, the strategic acquisition by eBay indicates plans for integration and growth within the e-commerce space.
Who invested in EachNet
5 investors across 3 rounds
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Questions about EachNet
Who invested in EachNet?
EachNet has 5 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has EachNet raised?
EachNet has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did EachNet last raise money?
EachNet's most recent round on record is a Series B, in Oct 2000.
What does EachNet do?
Founded in 1999, EachNet operates as an online marketplace connecting buyers and sellers in the e-commerce sector.
Where is EachNet headquartered?
EachNet is headquartered in Beijing, China.
Which VCs invest in companies like EachNet?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Yufu Capital, ICBC Capital Management and Ningbo Tongshang Fund back internet companies at EachNet's stage. Their profiles are linked below.
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