# Shanghai Chengbao Network Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-chengbao-network-technology

- Industry: Insurance
- Headquarters: Shanghai, China
- Website: www.hangjia.com
- Total disclosed funding: $6.2M
- Latest round: Series A (Feb 1, 2016)
- Investors on record: 2

## About

Founded in 2014 and located in Shanghai, this company provides innovative technology solutions to enhance business operations, focusing on software applications that streamline processes across various industries.Shanghai Chengbao Network Technology was established in 2014 in Shanghai, China, and specializes in delivering technology solutions to address challenges faced by businesses. The company has successfully completed 4 deals, with its most recent funding round occurring on August 29, 2022, which raised CNY 30.000 mn through a Series A round led by Newsion Venture Capital. The total amount raised by the company stands at CNY 30.000 mn.The company specializes in innovative technology solutions designed to address specific challenges within its target markets. Its core product offerings include advanced software applications and platforms that streamline operational processes for businesses across various sectors. These products aim to enhance efficiency, improve data management, and facilitate better decision-making for end users, which predominantly consist of small to medium-sized enterprises (SMEs) and larger organizations seeking to optimize their workflows. The company has established a robust client base that spans several geographical markets, including North America, Europe, and parts of Asia, where it tailors its solutions to meet the unique needs and regulatory requirements of each region. The release of its flagship software product took place three years ago, and subsequent iterations have focused on incorporating user feedback and advancing technological capabilities to maintain a competitive edge in the industry.The company's revenue model is primarily structured around B2B transactions, with a focus on subscription-based services that provide clients with ongoing access to its software solutions. Clients typically engage in annual or multi-year contracts that include tiered pricing plans based on the scale of usage and the range of features required. The pricing structure often varies depending on the specific services utilized, with flagship products commanding premium pricing due to their advanced capabilities and proven effectiveness. Additionally, partnerships with industry-specific retailers and integrators further enhance revenue streams by expanding market reach and facilitating access to end users. This multi-faceted approach ensures a consistent flow of revenue while fostering long-term relationships with clients through reliable service delivery and support.As of August 2022, Shanghai Chengbao Network Technology discontinued its operations, and therefore, future growth plans regarding new product launches or market expansions are no longer applicable.

## Funding rounds

- Series A, Feb 1, 2016, $4.6M — Newsion Venture Capital
- Angel, Oct 27, 2014, $1.6M — Shanda Capital

## Investors

- Shanda Capital — Angel
- Newsion Venture Capital (https://capitalatlas.ai/funds/newsion-venture-capital) — Series A