Yijian Diancang (Beijing) Network Technology Co.
Latest round
- Series A
Last raised
- Sep 2016
Total raised
- $3.8M
Investors
- 1
About Yijian Diancang (Beijing) Network Technology Co.
, Ltd.Founded in 2013, Yijian Diancang operates as an online marketplace for art and cultural products. The company is headquartered in Beijing, China. Yue Geng serves as the CEO.Yidian Wangpai operates as a continuous online auction platform specializing in art and cultural products, providing a marketplace for both buyers and sellers within the art community. The platform caters to art collectors, dealers, and enthusiasts by offering a diverse range of artwork, including paintings, sculptures, and collectibles. Users can participate in 365-day auctions, allowing them to buy and sell items at any time, thus addressing the need for accessible and flexible engagement in the art market. The service facilitates direct transactions between individual collectors and the broader art community, appealing to those seeking unique pieces or looking to monetize their collections.The revenue generation model for Yidian Wangpai is primarily driven by transaction fees associated with the art auctions conducted on its platform. Clients, including individual sellers and art dealers, list their artwork for auction, incurring fees based on the final sale price of the items. This structure emphasizes a B2C model, where customers directly interact with the company to purchase art pieces. Each successful transaction contributes to the firm's overall revenue, aligning the company’s interests with its users by promoting a fluid and engaging auction process.Yijian Diancang plans to further enhance its platform by developing new features and services aimed at improving user experience, with expected launches in 2024. The company aims to expand its market presence internationally, specifically targeting European and North American art collectors by the end of 2025.
Who invested in Yijian Diancang (Beijing) Network Technology Co.
1 investor across 1 round
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Funding rounds
Series A
Sep 27, 2016
Amount
$3.8M
Investors
Questions about Yijian Diancang (Beijing) Network Technology Co.
Who invested in Yijian Diancang (Beijing) Network Technology Co.?
Yijian Diancang (Beijing) Network Technology Co. has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Yijian Diancang (Beijing) Network Technology Co. raised?
Yijian Diancang (Beijing) Network Technology Co. has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Yijian Diancang (Beijing) Network Technology Co. last raise money?
Yijian Diancang (Beijing) Network Technology Co.'s most recent round on record is a Series A, in Sep 2016.
What does Yijian Diancang (Beijing) Network Technology Co. do?
Yijian Diancang (Beijing) Network Technology Co. is a internet company.
Where is Yijian Diancang (Beijing) Network Technology Co. headquartered?
Yijian Diancang (Beijing) Network Technology Co. is headquartered in Beijing, China.
Which VCs invest in companies like Yijian Diancang (Beijing) Network Technology Co.?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back internet companies at Yijian Diancang (Beijing) Network Technology Co.'s stage. Their profiles are linked below.
VCs backing internet startups at Series A
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