# Shanghai Feihong Network Technology

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

- Industry: Marketing/Advertising
- Headquarters: Shanghai, China
- Total disclosed funding: $16M
- Latest round: Series A (Sep 13, 2021)
- Investors on record: 3

## About

Established in 2017 and based in Shanghai, China, Shanghai Feihong Network Technology is a E-commerce company that operates as a idle luxury goods identification trading platform. The company has a 6,000 square meter commodity processing center. The company has completed 5 rounds of funding as of 2021.

The company main business is auction and recycling of second-hand luxury goods. The platform has a self developed AI (artificial intelligence) luxury valuation model that provides luxury goods rating and appraisal services for customers.

## Funding rounds

- Series A, Sep 13, 2021, $16M — GSR Ventures, Fenghou Capital
- Series A, Jun 1, 2020 — GSR Ventures
- Angel, Apr 1, 2018 — NewGen Venture Partners

## Investors

- NewGen Venture Partners (https://capitalatlas.ai/funds/newgen-venture-partners) — Angel
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series A
- Fenghou Capital (https://capitalatlas.ai/funds/fenghou-capital) — Series A