Zhaoyou operates 51zhaoyou.com, a transaction platform for the petroleum industry that provides comprehensive fuel trading, logistics, and financial services. Founded in 2015 and led by CEO Tony Lv, the company serves customers including some of China’s leading logistics companies. It has offices in Jiangsu, Zhejiang, Guangdong and Hubei, covering over 40 cities. Last year the platform recorded cumulative transactions of over RMB500 million (US$75 million). As of June this year the company’s turnover exceeded RMB1.5 billion (US$230 million) and was expected to reach RMB5 billion (US$750 million) for all of 2017. Zhaoyou will use the new funds to continue expanding operations and its business reach.

Total raised

$32M

Funding rounds

1

Latest round

Series B

Latest activity

Sep 2017