# Wanwudezhi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wanwudezhi

- Industry: Consumer Products
- Headquarters: Hangzhou, China
- Website: www.wanwudezhi.com
- Total disclosed funding: $80M
- Latest round: Series C (Nov 4, 2020)
- Investors on record: 7

## About

Established in 2018 and based in Hangzhou, China, Wanwudezhi is an e-commerce platform that provides users with traditional Chinese cultural relics. In December 2018, it closed an angel funding from new investor K2VC, Beijing MeeLive Network Technology Co., Ltd. and individual investor. In 2019, the company launched the Wanwu Dezhi app. In 2020, Wanwudezhi raised USD 80 million in series C funding from GGV Capital, Huaxing Growth Capital, Source Code Capital and Zhongyuan Capital. 

The company has developed a traditional Chinese cultural and art e-commerce platform. The products sold on this platform have covered jade jewellery, purple clay ceramics, wood carvings, tea and wine tonics, calligraphy and painting, seal carving, and cultural and art miscellaneous items. The platform also has limited-time flash sales and other promotional activities.

The company’s revenue is generated by providing traditional Chinese cultural relics such as purple clay ceramics, embroidery, calligraphy and painting, seal carving, jade and jade jewellery, etc.

## Funding rounds

- Series C, Nov 4, 2020, $80M — China Renaissance, Source Code Capital, Zhongyuan Capital, Jiyuan Capital
- Series B, Apr 20, 2020 — ZhenFund, K2VC, Source Code Capital, Beijing MeeLive Network Technology Co., Ltd.
- Angel, Dec 18, 2018 — K2VC, Beijing MeeLive Network Technology Co., Ltd.

## Investors

- K2VC (https://capitalatlas.ai/funds/k2vc) — Angel, Series B
- Beijing MeeLive Network Technology Co., Ltd. — Angel, Series B
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series B
- Source Code Capital (https://capitalatlas.ai/funds/source-code-capital) — Series B, Series C
- China Renaissance (https://capitalatlas.ai/funds/china-renaissance) — Series C
- Zhongyuan Capital — Series C
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series C