# Shanghai Wanwuxin Environmental Technology Group Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-wanwuxin-environmental-technology-group-co

- Industry: Retail
- Headquarters: Shanghai, China
- Website: www.aihuishou.com
- Total disclosed funding: $228M
- Latest round: Series E (Sep 22, 2020)
- Investors on record: 14

## About

Established in 2011 and based in Shanghai, China, Shanghai Wanwuxin Environmental Technology Group Co., Ltd., doing business as Aihuishou, operates as a second-hand 3C (Computer, Communications and Consumer-Electronics) electronic product trading platform that provides trade-in service. The company raised USD 200 million in pre-IPO funding from undisclosed investors and it is expected to list on the National Association of Securities Dealers Automated Quotations (NASDAQ). The company’s partners include JD, Huawei, Amazon.cn and VIVO, etc.

The company engages in providing trade-in services. It has electronic product recycling and environmentally friendly disposal platform named Love Recycling, a second-hand 3C product online trading platform named Paijitang, and a second-hand product sales platform named Paipai, etc. The company's business covers the world's mainstream second-hand digital free trade markets such as China, India, the United States, and Brazil, etc.

The company’s revenue is generated by providing recycling, platform, and retail business. The company engages in C2B, B2B, and B2C.

Shanghai Wanwuxin Environmental Technology Group plans to get listed on the NYSE under the symbol RERE.

## Funding rounds

- Series E, Sep 22, 2020, $100M — Guotai Junan Securities, Shanghai Guohe Capital, InnoVen Capital, JD.com, Fresh Capital, Huihe Capital
- Series D, Dec 21, 2016, $58M — 5Y Capital, Cathay Capital, Greenwoods Asset Management, Tiantu Capital, Fortune Capital, JD.com, Inc., Qianhai Ark Capital
- Series C, Aug 6, 2015, $60M — 5Y Capital, IFC Asset Management Company, Greenwoods Asset Management, Tiantu Capital, JD.com, Inc.
- Series B, Jul 1, 2014, $8M — 5Y Capital, IFC Asset Management Company
- Series A, Oct 1, 2011, $2M — 5Y Capital

## Investors

- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series A, Series B, Series C, Series D
- IFC Asset Management Company (https://capitalatlas.ai/funds/ifc-asset-management-company) — Series B, Series C
- Greenwoods Asset Management (https://capitalatlas.ai/funds/greenwoods-asset-management) — Series C, Series D
- Tiantu Capital (https://capitalatlas.ai/funds/tiantu-capital) — Series C, Series D
- JD.com, Inc. — Series C, Series D
- Cathay Capital — Series D
- Fortune Capital — Series D
- Qianhai Ark Capital (https://capitalatlas.ai/funds/qianhai-ark-capital) — Series D
- Guotai Junan Securities — Series E
- Shanghai Guohe Capital (https://capitalatlas.ai/funds/shanghai-guohe-capital) — Series E
- InnoVen Capital — Series E
- JD.com — Series E
- Fresh Capital (https://capitalatlas.ai/funds/fresh-capital) — Series E
- Huihe Capital — Series E