Weidian Group
1st Floor, Block B, Xingke Building No. 10 Jiuxianqiao Middle Road, Chaoyang District, Beijing, China
Overview
Koudai Gouwu is a mobile-first shopping marketplace that enables merchants to sell directly to consumers and integrates with Tencent’s WeChat to let retailers set up accounts and market products. It generates revenue from fees for lead generation and sales commissions. The service is tightly integrated with WeChat, which the article cites as claiming 438 million monthly users, giving Koudai significant distribution potential. The company’s mobile focus positions it as a challenger to Alibaba’s Taobao, with some speculation that Koudai may generate strong mobile traffic versus incumbents. The article highlights Tencent’s strategic interest in bolstering its e-commerce presence by linking platforms like WeChat to retail services such as Koudai.
- Total raised
- $350M
- Funding rounds
- 1
- Latest round
- Series C
- Latest activity
- Oct 2014
Industries
- E-Commerce
- Fashion
- Mobile
- Shopping
Recent funding
Series C
Oct 2014
$350M
Team
No current team members are available.