# Master Bao

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/master-bao

- Industry: Consumer Services
- Headquarters: Beijing, China
- Website: www.ibaodashi.com
- Total disclosed funding: $20M
- Latest round: Series B (Dec 3, 2020)
- Investors on record: 5

## About

Based in Beijing, China and established in 2010, Master Bao is a luxury maintenance service provider via the WeChat official account and mobile application. Users can order service online and buy or auction their own luxuries on this platform. In October 2018, Master Bao raised CNY 30 million of series A funding from new investors Buhuo Venture Capital and Qingsong Fund.
The company entered the online luxury goods maintenance business, and its business scope expanded from the after-sales maintenance of luxury goods to second-hand recycling and consignment. At the same time, the company is also engaged in second-hand luxury goods trading services, luxury industry trading services, identification standard industry empowerment, new high-end brand incubation and other businesses
The company will fully upgrade the four-wheel drive Maibao international luxury industry platform in the future.

## Funding rounds

- Series B, Dec 3, 2020, $15M — Fosun International
- Series A, Oct 16, 2019 — Meridian Capital, 9C Capital
- Series A, Oct 12, 2018, $4.3M — Qingsong Fund, Buhuo Venture Capital

## Investors

- Qingsong Fund (https://capitalatlas.ai/funds/qingsong-fund) — Series A
- Buhuo Venture Capital (https://capitalatlas.ai/funds/buhuo-venture-capital) — Series A
- Meridian Capital — Series A
- 9C Capital (https://capitalatlas.ai/funds/9c-capital) — Series A
- Fosun International (https://capitalatlas.ai/funds/fosun-international) — Series B