Zhangshang Fucai
掌上辅材
Zhangshang Fucai (掌上辅材) is a B2B e-commerce platform for construction finishing materials, described by founder and CEO Xue Chengkun as "the JD.com of the finishing materials sector" . Founded with a RMB 20 million angel round led by Source Code Capital and joined by Buhuo Ventures in 2017 , the company subsequently raised a Pre-A round in early 2018 with Source Code Capital increasing its stake , an $8 million Series A later that year , and a RMB 30 million Series A+ in May 2019 with Source Code following on again . By 2019, Xue stated the company had accumulated sufficient capital to occupy a favorable position in the finishing materials e-commerce industry and was preparing to replicate its model, with plans to expand beyond individual contractors to serve small and medium-sized decoration companies and commercial renovation projects . Source Code Capital has cited Zhangshang Fucai among its portfolio of industrial internet investments .
AI-generated — may contain errors, please verify.
Coverage
Photonics technology company **Kunyao Optoelectronics** announced the completion of a nearly RMB 400 million Series B+ funding round, with participation from Source Code Capital.
Dedicated to exploring cutting-edge photonics and optoelectronics, and driving their real-world implementation and innovative applications.
Source Code Capital portfolio company Jianhai Technology announced the completion of a 500 million RMB Series B+ funding round, with existing shareholder Source Code Capital continuing to increase its stake.
The "Baike Thousand Courtyards" initiative is about to launch.
Corporate Training SaaS Provider CoolCollege Raises Hundreds of Millions of Yuan in Series B Led by Source Code Capital
Will continue to explore AI, gamification, and metaverse-based learning.
IrisView, a next-gen OS R&D platform, closes two consecutive rounds totaling nearly RMB 100 million, with Source Code Capital leading the A+ round
Focused on building a next-generation operating system for next-gen devices like AR/VR headsets.
Source Code Capital portfolio company Zhangshang Fucai announces completion of Series B funding round, Source Code Capital led angel round
"The Building Materials Market of the New Era"
Xingshi Wang, Source Code Capital: Industrial Internet Innovation Through the Lens of Organizational Capability
Source Code Capital remains committed to creating lasting, tangible value, focusing on the challenges and uncertainties that member companies face as they scale from 1 to 100. And organizational capability building is one of the most critical factors determining whether a growth-stage industrial internet entrepreneur can achieve iterative expansion.
Source Code Capital portfolio company WeiMai announced the completion of a new $100 million series funding round, with existing shareholder Source Code Capital continuing to increase its stake.
A pioneer and leader in "Internet + Healthcare" service platforms. Its services cover more than 150 million people, with 100,000 doctors on the platform offering a wide range of healthcare service SKUs.
Unlocking Real Estate Aftermarket Potential Through Industrial Internet | Source Code Capital Insights
Three converging waves: post-property traffic shifting from B2C-led to B2B-led, "one-stop procurement" reducing decision points, and prefabrication comprehensively reshaping the industry chain.
RPA Firm Cyclone Announces Close of Nearly $10 Million Series A Funding Round
Among domestic RPA startups, Cyclone currently sits in the top tier by revenue, funding raised, and valuation.
Source Code Capital portfolio company YQN Logistics announced the completion of a $70 million Series C funding round, with existing shareholder Source Code Capital continuing to increase its stake.
It has served more than 10,000 enterprises to date, with over 150,000 freight rates across all shipping routes on the platform. The platform's 2019 cargo volume is projected to reach 300,000 TEU.
Source Code Capital portfolio company Zhangshang Fucai announced the completion of a RMB 30 million Series A+ funding round, with existing investor Source Code Capital continuing to increase its stake.
Zhangshang Fucai is a B2B online platform for construction finishing materials, gradually replacing the traditional offline distribution model represented by "building materials markets."
A Solid Finish to 2018, Continued Patient Growth in 2019 | Code Meet Journal · December
"Ma Hui Journal" chronicles the small steps forward of our community members, shares the joy of growth, and looks toward an even brighter future.
Source Code Capital Congratulates Portfolio Company MOGU (NYSE:MOGU) on NYSE IPO
An IPO is the beginning of a brand-new journey.
4 Companies Close Funding Rounds, 8 Undergo Strategic Upgrades, Multiple Firms Named "2018 King of New Economy" | Source Code Capital Monthly · November
"Ma Hui Journal" is where we document our team's small steps forward, share the joy of growth, and look ahead to an even brighter future.
The Great To B Adventure
The true B2B adventurers have mostly become big winners.
Source Code Capital portfolio company Yijiupi raises $200 million in Series D funding, co-led by Meituan and Tencent, with existing investor Source Code Capital continuing to increase its stake
Yijiupi (supply chain/retail terminals) + Tencent (WeChat Pay/Mini Programs) + Meituan (in-store/on-demand delivery)
5 Companies Raise Funding, Several Make China's Top 100 Unicorns List | Code Meet Journal · March
【Source Code Capital Chronicle】A place to record the small steps forward of our team members, share the joy of growth, and look toward an even brighter future.
Asset360 Closes New Funding Round; Existing Investor Source Code Capital Continues to Increase Stake
End-to-end, one-stop services covering the full lending lifecycle — from pre-loan origination and mid-loan management through post-loan collection and resolution.
Hai Feng Education Raises Tens of Millions of Dollars in Series C Funding from TAL Education Group and Source Code Capital
Following its Series B round in July 2017, this marks the second round of funding Hai Feng Education secured within six months.
Source Code Capital 2017: The Year of Establishing Our Footing
Never Settle
3 Companies Secure Additional Funding, 1 Lists on NYSE, 6 B2B Firms Win Multiple Awards | Source Code Capital Monthly · October
**Ma Hui Journal:** A place to record the small steps forward of our community members, share in the joy of growth, and look toward an even brighter future.
Zhangshang Fucai Raises RMB 20 Million Angel Round from Source Code Capital and Buhuo Ventures
Zhangshang Fucai is, in simple terms, the JD.com of the renovation materials space.
