Laizanbao

Laizanbao is a Southeast Asian e-commerce service provider that raised a $16 million Series A led by 5Y Capital in late 2021, with Incapital and existing shareholders participating . 5Y Capital subsequently re-upped in a follow-on round of tens of millions of USD in mid-2022 . Haichuan Hu serves as the company's president . The group had raised nearly RMB 200 million across three rounds as of the 2021 close, counting an angel round from Xingmailiya Group and a Pre-A from Suizi Wealth before 5Y Capital came in .