Baibu
百布
Baibu is a Chinese textile B2B platform founded in April 2014 by Zhao Zhenhong, who serves as its CEO . The company operates under Zhijing Technology alongside sister platforms Quanbu and Feishuo Zhifang, positioning itself as a digital supply-chain service provider for China's textile and garment industry .
Its business spans two main segments: a finished-fabric trading platform connecting wholesalers to small and midsize garment manufacturers, and an upstream smart-manufacturing cloud factory for grey-fabric production . By late 2019, Baibu claimed systematic coverage of 10% of national loom capacity upstream and 70% of supplier and product categories downstream .
The company has raised multiple rounds from a roster of global and Chinese investors. Source Code Capital was the sole investor in its angel and pre-A rounds and continued to increase its stake through the D+ round . Other backers include DST Global, Tiger Global, Yunqi Capital, and GLP's Hidden Hill Capital . Its $300 million Series D in December 2019 was described as the largest single funding round in China's textile fabric sector at the time .
Following its January 2021 D+ round, Baibu said it would deepen strategic cooperation with GLP and Hong Kong-based Li & Fung in areas including digital supply chain, smart garment manufacturing, and supply-chain finance .
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Coverage
Yunqi Capital Named to ChinaVenture's "Top 10 Best Early-Stage VC Firms in China" for Fifth Consecutive Year, Portfolio Companies Win Eight Honors | Yunqi Capital News
Moving forward together — thanks for the recognition.
"ZhiJing Technology (Baibu) Featured on CCTV's *Xinwen Lianbo*: Tech-Powered Transformation Across the Textile Industry's Full Supply Chain | Yunqi Capital Portfolio"
Join *Xinwen Lianbo* for an inside look at Zhijin Technology.
Source Code Capital and Zero2IPO Jointly Release B2B Trading Platform Research Report
China's B2B market has evolved from its 1.0 phase, spanning 1999 to 2013 and defined by "information publishing" business models, into a 2.0 era characterized by greater commercial diversity, broader industry coverage, and deeper integration with industrial supply chains.
World Internet Conference Opens; Source Code Capital Named New Investor of the Year
Source Code Capital was named to the "Top 30 Emerging Investment Firms of 2016" list in Wuzhen.
Yi Cao Named to ChinaVenture-FT China Top 100 Investors of the Year 2016
On August 15, 2016, ChinaVenture held its "2016 China Investment Annual Conference" in Shenzhen, where it also released the "ChinaVenture 2016 Best Chinese Investors" list.
