# Xingsheng Community Network Service Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xingsheng-community-network-service-co

- Industry: Retail
- Headquarters: Changsha, China
- Website: www.xsyxsc.com
- Total disclosed funding: $3.8B
- Latest round: Series D (Feb 19, 2021)
- Investors on record: 13

## About

Established in 2013 and based in Changsha, China, Xingsheng Community Network Service Co., Ltd. operates as an internet new retail platform that provides food products and other essentials direct to consumers. The company has many stores located in 13 provinces, municipalities directly under the central government and more than 6,000 prefectural (county) level cities and more than 30,000 townships, such as Guangdong, Jiangxi, Sichuan and Chongqing, etc. In July 2021, it raised USD 300 million in strategic investment led by Ontario Teachers’ Pension Plan.

The company mainly operates a retail platform that provides commodities including vegetables and fruits, meat, poultry and aquatic products as well as other daily necessities. It relies on physical convenience stores to provide services to users through the pre-sale + self-pickup model. User can order online and pick up offline. The company build central warehouse - grid station - stores three-tier logistics system.

The company's revenue is generated through product sales. In 2020, the GMV of the company exceeded RMB 30 billion.

## Funding rounds

- Series D, Feb 19, 2021, $3B — KKR, Hong Shan, Temasek Holdings, FountainVest, Tencent Investment, Primavera Capital Group, DCP Capital, China Evergrande Group
- Series C, Jul 22, 2020, $800M — KKR, Hong Shan, Tencent Investment, Eastern Bell Capital, Tianyi Capital
- Series B, Jul 26, 2019, $40M — KKR
- Series A, May 8, 2019 — Tencent Investment
- Series A, Apr 1, 2019 — Eastern Bell Capital
- Series A, Sep 8, 2018 — GSR Ventures, Capital Today, Eastern Bell Capital, ZhenFund

## Investors

- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series A
- Capital Today (https://capitalatlas.ai/funds/capital-today) — Series A
- Eastern Bell Capital — Series A, Series C
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series A
- Tencent Investment — Series A, Series C, Series D
- KKR (https://capitalatlas.ai/funds/kkr) — Series B, Series C, Series D
- Hong Shan — Series C, Series D
- Tianyi Capital — Series C
- Temasek Holdings — Series D
- FountainVest (https://capitalatlas.ai/funds/fountainvest) — Series D
- Primavera Capital Group (https://capitalatlas.ai/funds/primavera-capital-group) — Series D
- DCP Capital (https://capitalatlas.ai/funds/dcp-capital) — Series D
- China Evergrande Group — Series D