Yijiupi
易酒批
Yijiupi (易久批) is a Chinese FMCG industrial-internet platform founded in 2014, which grew from a liquor B2B wholesaler into a multi-category distribution platform spanning beverages, food, daily goods and more; per a Source Code Capital announcement, by 2018 it had reached over RMB 13 billion in GMV and cumulative supply-chain-finance lending above RMB 8 billion, covering 130+ cities . Founded and led by chairman and CEO Wang Chaocheng, it raised a $200 million Series D co-led by Meituan and Tencent in 2018, followed by a $100 million D+ from Warburg Pincus five months later, bringing the round to $300 million . Beyond B2B trading, its business extends into logistics, warehousing, finance and chain-store retail, and in early 2020 it merged with South China FMCG B2B player Zhangshangkuaixiao, taking 100% ownership — a deal framed as accelerating consolidation in the FMCG industrial internet . Source Code Capital has been a backer since at least its 2016 Series C.
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Coverage
SHEIN's Fundraising History
Tales from China's Investment Past: ______.
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.
6 Companies Close Funding Rounds, 2 Make Latest Global Unicorn List | Source Code Capital Monthly · January
【Ma Hui Journal】A place to record the small steps forward, share the joy of growth, and look toward an even brighter future.
Ma Hui: Entrepreneurs' 2017 and 2018
The Founder's New Year's Intellectual Marathon
Source Code Capital 2017: The Year of Establishing Our Footing
Never Settle
Source Code Capital Wins Three Awards Including Top Investment Institution and Investor in China's New Finance Sector
Leading new-finance companies include: Qudian, Yongqianbao, INK Group, Suishou, Nongfenqi, Cijinrong, and Ether Capital.
Ma Hui Ecosystem in August: Funding, Upgrades, and Honors | Ma Hui Chronicle
**Source Code Capital Chronicle**: A place to record our team's small steps forward, share the joy of growth, and look toward an even brighter future.
Juli Xinfang Closes $10 Million Series B Round, Existing Investor Source Code Capital Continues to Double Down
Juli Xinfang raises tens of millions of USD in Series B to launch new-home e-commerce model.
What Potholes We Hit in Three Years of Entrepreneurship | 2017 Ma Hui
At Source Code Capital's 2017 Ma Hui event, INK Group president Enmin Lin, Yijiupi CEO Wang Chaocheng, Zhirong Group CEO Jiao Ke, and Sales Crown Network Technology Co., Ltd. CEO Huang Weixin — all representing entrepreneurs — shared their hard-won lessons and reflections from the trenches of building companies, drawn from their own struggles and missteps along the way.
Source Code Capital Announces Successful Close of Fund III to Help Tech Companies Create Lasting, Real Value
Source Code Capital founder Yi Cao announced at today's "Ma Hui" opening ceremony that the firm has completed the final closing of its third USD fund at $260 million and the first closing of its third RMB fund at 1.5 billion yuan.
Hongjiang Zhang Joins Source Code Capital as Venture Partner
Source Code Capital announced today that Hongjiang Zhang, former CTO of Microsoft Asia-Pacific R&D Group, former president of Microsoft Asia Engineering Institute, and former CEO of Kingsoft, has joined the firm as a Venture Partner.
Source Code Capital was ranked among China's Top 50 Best Venture Capital Firms, Top 20 Best Foreign Venture Capital Firms, and Top 10 Best Investment Firms in Tech Finance for 2016.
Source Code Capital ranked 50th on ChinaVenture's 2016 "China's Top 100 Best Venture Capital Institutions" list and 20th on the "China's Top 50 Best Foreign Venture Capital Institutions" list, and was named one of the top ten best investment institutions in China's tech finance industry for 2016.
Cijinrong Announces Completion of 65 Million Yuan Series A Funding Round Led by Source Code Capital
Cijinrong has raised RMB 65 million in its Series A funding round, led by Source Code Capital, with Matrix Partners China and Yunqi Capital — both investors from its angel round — participating. The proceeds will be used primarily for team expansion, employee training, and product and technology refinement.
Yi Cao: Inclusive Finance Enters an Era Where "Internet Plus" and "AI Plus" Work in Tandem
"New finance" is an even bigger opportunity than social media, search, e-commerce, O2O, and what came before.
Yi Cao of Source Code Capital Named Cyzone's 2016 China Angel Investor of the Year
Yi Cao emphasized that great companies and outstanding investors succeed by capturing the convergence of three peaks: "the right timing, the right place, and the right people."
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.
Source Code Capital Launches 2017 Campus Recruitment
On November 3, we'll be waiting for you at Tsinghua University's PBC School of Finance.
Yijiupi Closes $100 Million Series C Round, Source Code Capital Backs E-commerce 'Dark Horse' in Alcohol Industry
The strong growth prospects that came with aligning with strategic investors undoubtedly became the most powerful tailwind behind Yijiupi's rapid completion of its Series C round.
Yi Cao: Source Code Capital's "Three Horizontals, Nine Verticals" Investment Map
Where, when, and by whom will the next major innovation opportunity emerge?
Yi Cao: "Internet Plus" Has Run Its Course — The Next Waves Are "Intelligence Plus" and "Global Plus"
The "Internet Plus" initiative is entering its final handover phase.
Yi Cao: The More Cross-Disciplinary a Startup, the Higher Its Odds of Success
Just as gathering all seven Dragon Balls can summon Shenron, the more boundaries a startup crosses, the higher its odds of success.
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.
Yi Cao of Source Code Capital topped Cyzone's "40 Under 40 Investors" list.
On May 11, 2016, Cyzone released its "40 Under 40 Investors" list, with 32-year-old Yi Cao of Source Code Capital becoming the youngest person ever to top the ranking.
Source Code Capital Named to 2015 China Best Foreign Venture Capital Firms Top 50
From April 11 to 13, 2016, ChinaVenture hosted the "2016 China Investment Annual Conference" in Shanghai, where Source Code Capital was named to the "2015 Top 50 Best Foreign VC Firms in China."
