# Hangzhou PinGoGo Network Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hangzhou-pingogo-network-technology-co

- Industry: Internet
- Headquarters: Hangzhou, China
- Website: www.pinpianyi.com
- Total disclosed funding: $73M
- Latest round: Series C (Jun 21, 2021)
- Investors on record: 9

## About

Established in 2017 and based in Hangzhou, China, Hangzhou PinGoGo Network Technology Co., Ltd. operates a convenience store service company that focuses on the development and management of an intelligent centralized purchasing platform. It was recognized as the National High-tech Enterprise. The company has 5 branch offices in Guangzhou, Foshan, Wuxi, and other cities. Yi Xu, the founder of the company, used to serve as the chief operating officer and co-founder of the Apin. In July 2025, Hangzhou PinGoGo Network Technology Co., Ltd. raised a series D+ funding.  Hangzhou PinGoGo Network Technology Co., Ltd.'s main business is the operation and management of the convenience store intelligent centralized procurement platform. The platform provides users with commodity price data analysis and intelligent distribution and order splitting services. Combined with the centralized procurement and order splitting algorithm, it helps stores match the best price procurement solution and uses artificial intelligence and other technologies to solve problems such as convenience store inventory squeeze, high procurement costs, and expired goods. The company generates revenue by providing convenience store intelligent centralized procurement platforms.

## Funding rounds

- Series C, Jun 21, 2021 — Yingke Private Equity
- Series B, Jun 9, 2020, $28M — Skycus Capital
- Series B, Mar 31, 2019, $15M — Enlight Growth Partners
- Series A, Sep 5, 2018, $15M — QF Capital
- Series A, Jun 20, 2018, $15M — In Capital, En Niu, The Colony Group, Viki Fund
- Angel, Jul 3, 2017 — Shenghui Jingchen Investment

## Investors

- Shenghui Jingchen Investment (https://capitalatlas.ai/funds/shenghui-jingchen-investment) — Angel
- In Capital — Series A
- En Niu — Series A
- The Colony Group — Series A
- Viki Fund — Series A
- QF Capital (https://capitalatlas.ai/funds/qf-capital) — Series A
- Enlight Growth Partners (https://capitalatlas.ai/funds/enlight-growth-partners) — Series B
- Skycus Capital (https://capitalatlas.ai/funds/skycus-capital) — Series B
- Yingke Private Equity (https://capitalatlas.ai/funds/yingke-private-equity) — Series C