# EachNet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eachnet

- Industry: Internet
- Headquarters: Beijing, China
- Website: www.eachnet.com
- Total disclosed funding: $27M
- Latest round: Series B (Oct 30, 2000)
- Investors on record: 5

## About

EachNet is a prominent e-commerce platform based in Beijing, China, facilitating online transactions between consumers and sellers across various product categories, including electronics and fashion.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. The headquarters is located in Beijing, China, and the company has been involved in five distinct deals since its inception.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. The marketplace operates primarily in Asia, with a focus on major urban centers where e-commerce is rapidly growing.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. Specific pricing plans for these services are structured to provide flexibility, allowing clients to choose options that best suit their business needs and growth strategies.The most recent significant funding round took place on June 12, 2003, when eBay Inc. 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. EachNet is likely to leverage the recent funding to enhance its platform and expand its market share in Asia, aligning with eBay's global strategies.

## Funding rounds

- Series B, Oct 30, 2000, $21M — AsiaTech Ventures, J.H.Whitney Capital Partners, Orchid Asia Group, NetEase.com, Inc.
- Series A, Nov 24, 1999, $6.5M — AsiaTech Ventures, J.H.Whitney Capital Partners, Orchid Asia Group, IDG Capital
- Angel, Aug 1, 1999, $0.3M — IDG Capital

## Investors

- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Angel, Series A
- AsiaTech Ventures (https://capitalatlas.ai/funds/asiatech-ventures) — Series A, Series B
- J.H.Whitney Capital Partners (https://capitalatlas.ai/funds/j-h-whitney-capital-partners) — Series A, Series B
- Orchid Asia Group (https://capitalatlas.ai/funds/orchid-asia-group) — Series A, Series B
- NetEase.com, Inc. — Series B