# Laibaozhi

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

- Industry: Consumer Services
- Headquarters: Shenzhen, China
- Website: www.songzb.com
- Latest round: Angel (Sep 18, 2017)
- Investors on record: 1

## About

Laibaozhi, through its innovative WeChat Paper Treasure service, specializes in efficient paper delivery solutions for both consumers and businesses in China, enhancing access to essential supplies in urban areas.Laibaozhi operates as Shenzhen Yijia Network Co., Ltd., focusing on digital solutions for paper procurement. The company is headquartered in Shenzhen, China. It has engaged in one notable funding deal, with its latest being in September 2017, led by Plum Ventures. The founder's information is currently unavailable.Shenzhen Yijia Network Co., Ltd. specializes in innovative digital solutions, focusing primarily on its flagship product, WeChat Paper Treasure (?????). This product leverages the WeChat platform to provide users with a streamlined service for ordering and managing paper delivery, catering to both individual customers and businesses that require regular supplies of paper products. The service operates on a user-friendly interface that allows clients to place orders conveniently through WeChat, ensuring a seamless experience in managing their paper needs. Targeting both the consumer market and small to medium-sized enterprises (SMEs), the company aims to address the challenges of paper procurement, particularly in urban areas where efficiency and accessibility are paramount. While it is based in Shenzhen, the company's offerings extend into major metropolitan areas across China, enhancing its reach and customer base within the country.Shenzhen Yijia Network Co., Ltd. generates revenue through direct-to-consumer sales and business-to-business transactions facilitated via its WeChat platform. Clients typically engage with the company through a subscription model that allows for regular paper supply deliveries, creating a recurring revenue stream. The pricing structure is designed to be competitive within the market, offering various packages tailored to different customer needs, including bulk orders for businesses and smaller quantities for individual consumers. Key products associated with the company’s revenue include its trademarked WeChat Paper Treasure service, which positions itself as an essential tool for efficient paper management. Through these transactions, the company not only enhances customer loyalty but also establishes long-term partnerships with businesses in need of reliable paper supply solutions.In September 2017, new investor Plum Ventures led an Angel funding round for Laibaozhi, with participation from an individual investor. The funding is expected to support the development of new enhancements to the WeChat Paper Treasure service and facilitate expansion into additional urban markets across China, aiming to increase the service's accessibility by 2020. The strategic focus includes launching new product features designed to optimize user experiences and manage inventory more efficiently.

## Funding rounds

- Angel, Sep 18, 2017 — Plum Ventures

## Investors

- Plum Ventures (https://capitalatlas.ai/funds/plum-ventures) — Angel