Company Name: Weidao.com

Funding Received: RMB 30,000,000 Approximately equal to

Funding Received Recentely: RMB 30,000,000 Approximately equal to

Category: E-Commerce

Website: http://www.weidao.com/

There are lots of e-commerce companies in China covering all kinds of industries. This monday, Weidao.com, a e-commerce startup selling best-selection of raw food material raised  RMB 30,000,000 Approximately equal to
in its A series, led by DHC. Famous journalist Lang Yongchun also joined this investment. .

According to co-founder Hu Lishan of Weidao.com, “Weidao.com aims at the customers’ painpoint in table.” But this website is only selling normal and expensive but kind of natural food material to its users. Most of items listed were seldom sold. Maybe its new funding would help this startup to do some marketing work to attract more users.

Though the market is really huge, but one insider said over 99% of food e-commerce companies didn’t make any profit and “the market penetration rate is low to single number”. Materials from source area could do Weidao.com a favor in it branding campaign, but any new features?

Data Authorization: ITJUZI.COM (Smarter Startup and Investment)