# Shanghai Wangxiang Culture Media Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-wangxiang-culture-media-company

- Industry: Marketing/Advertising
- Headquarters: Shanghai, China
- Website: www.adunite.com
- Latest round: Series A (Jan 1, 2015)
- Investors on record: 1

## About

Established in 2011 and based in Shanghai, China, Shanghai Wangxiang Culture Media Company Limited operates as a digital marketing service provider dedicated to providing online advertising services. It has sub-branch offices in Beijing, Shenzhen, and Hong Kong. The chairman of the company, Zhengwang Wang graduated from Fudan University. In 2015, Shanghai Wangxiang Culture Media Company Limited was listed on the National Equities Exchange and Quotations. In March 2016, the company raised CNY 10.01 million in venture funding from new investor Apus Group.

The company mainly provides digital marketing services, which include Wangxiang DSP, Wangxiang SSP, HOTMOBI, and advertising agency. Wangxiang uses big data analysis management technology and online marketing technology to provide customers with various forms of online advertising services. The company's customers include Alibaba, JD.com, Suning, Vipshop, Yihaodian, Ping An, China Merchants Bank, etc.

In 2022, the company's revenue was CNY 44.69 million, and its net income was CNY -11.94 million.

## Funding rounds

- Series A, Jan 1, 2015 — NewMargin Ventures

## Investors

- NewMargin Ventures (https://capitalatlas.ai/funds/newmargin-ventures) — Series A