# Paypal (Beijing) Information Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paypal-beijing-information-technology-co

- Industry: Software
- Headquarters: Beijing, China
- Website: www.zhichubao.com
- Total disclosed funding: $16M
- Latest round: Series A (Oct 14, 2021)
- Investors on record: 6

## About

Based in Beijing, China, and established in 2016, Paypal (Beijing) Information Technology Co., Ltd., trading under the name Zhichubao, operates as a procurement solution provider that provides procurement and cost management software-as-a-service (SaaS) solutions. Most of the core members of the team come from GE, CITIC, SAP, UFIDA, JD, Ali, etc. In 2021, the company signed a contract with Beijing Automotive to build a digital supply chain in the field of automobile sales. In 2022, it released an integrated solution for digital procurement expenditure management.

The company provides procurement and cost management software-as-a-service (SaaS) solutions and software for many fields such as medical, education, and financial holding. The service of the whole chain procurement collaborative management data intelligent platform includes digital supplier management, budget management, demand management, contract management, order management, inventory management, etc. The company adopts cloud computing, mobile internet, and big data technology. It has many clients, such as Toyota Industry, China Resources, and Holstan.

## Funding rounds

- Series A, Oct 14, 2021, $16M — Shunwei Capital, Poly Capital, Fanchuang Capital, Xiaomi Group, GSR Capital, Vantron Capital

## Investors

- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series A
- Poly Capital (https://capitalatlas.ai/funds/poly-capital) — Series A
- Fanchuang Capital (https://capitalatlas.ai/funds/fanchuang-capital) — Series A
- Xiaomi Group — Series A
- GSR Capital (https://capitalatlas.ai/funds/gsr-capital) — Series A
- Vantron Capital — Series A