Dec 20, 2019 - China’s B2B2C e-commerce platform Hipac.cn has successfully raised USD 100 mln (RMB 701 mln) in its Series D funding round.
Founded in 2015, the Hangzhou-based Hipac.cn is a cross-border online shopping platform focusing on baby care and mother products. The company is committed to bringing the latest brands and products to consumers through maternal and baby care stores throughout China, especially in lower-tier cities. According to Hipac.cn’s website, the company’s businesses cover over 100,000 stores across China, with a long-term retention of more than 80%.
After the latest funding round, Zhao Chen, founder and CEO of Hipac.cn, announced that the company plans to expand its staff-pool and upgrade its offline brick-and-mortar stores across China. Hipac.cn will integrate supply chain and intelligent platforms to its businesses to improve overall efficiency and meet customers’ preferences.
Zhao added that Hipac.cn has link ups with 200,000 offline brick-and-mortar stores across China. The company will continue its focus in lower-tier cities, and leverage on the Internet to optimize efficiency or business operations and meet rising market demand for baby care products.
Currently, China’s baby care sector is experiencing rapid growth. According to analysts estimates, the total market size of the industry is expected to reach USD 36.1 bln by 2024, up from USD 17 bln in 2018.
The latest funding round was led by South Korean private equity firm Anchor Equity Partners.
Company Details
- Employees
- 1
- Founded
- -
- Industry
- Retail
- NAICS
-
Retail TradeMotor Vehicle and Parts DealersSporting Goods, Hobby, Musical Instrument, and Book StoresGeneral Merchandise StoresMiscellaneous Store RetailersNonstore RetailersProfessional and Commercial Equipment and Supplies Merchant WholesalersMiscellaneous Durable Goods Merchant WholesalersMiscellaneous Nondurable Goods Merchant WholesalersOther Motor Vehicle DealersAutomotive Parts, Accessories, and Tire StoresSporting Goods, Hobby, and Musical Instrument StoresDepartment StoresGeneral Merchandise Stores, including Warehouse Clubs and SupercentersOther Miscellaneous Store RetailersVending Machine OperatorsDirect Selling EstablishmentsRecreational Vehicle DealersMotorcycle, Boat, and Other Motor Vehicle DealersAutomotive Parts and Accessories StoresTire DealersSporting Goods StoresHobby, Toy, and Game StoresSewing, Needlework, and Piece Goods StoresPet and Pet Supplies StoresArt DealersManufactured (Mobile) Home DealersAll Other Miscellaneous Store RetailersFuel DealersOther Direct Selling EstablishmentsBoat DealersMotorcycle, ATV, and All Other Motor Vehicle DealersMusical Instrument and Supplies StoresWarehouse Clubs and SupercentersAll Other General Merchandise StoresTobacco StoresAll Other Miscellaneous Store Retailers (except Tobacco Stores)
- Website
- https://www.hipac.cn
- Competitors
Hipac.cn Questions
Hipac.Cn's website is https://www.hipac.cn
Hipac.Cn's LinkedIn profile is https://www.linkedin.com/company/hipac-cn
Hipac.Cn has
1 employees.
View email and phone details for 1
employees at Hipac.Cn.
Hipac.Cn's industry is
Retail
Hipac.Cn's categories are Retail
Hipac.Cn's founding year is 2015
