Startups
WoWo Ltd. (NASDAQ: WOWO) operates China’s leading third-party e-commerce platform on both www.55.com and mobile applications, focusing on local entertainment and lifestyle services such as restaurants, movie theaters and beauty salons. With the technical support available through 150 service centers and over 2,000 merchant service representatives, we have empowered local merchants with limited resources to create sophisticated online branding campaigns and offer better integration of their online and offline resources. As of September 2014, we had 105,430 merchant clients featuring over 430,000 service offerings, 34.1 million subscribers and 17.3 million activated WoWo Mobile App installed on mobile devices. Source: http://ir.55.com/phoenix.zhtml?c=246807&p=irol-homeProfile (accessed on 2015-04-09)
Overview
Location
China, Beijing, Haidian District
Employees
5001-10000
Total raised
$200M
Founded date
2010
Funding Rounds 1
| Date | Series | Amount | Investors |
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Mentions in press and media 5
| Date | Title | Description |
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| Jan 19, 2015 | Meituan, China’s Leading Group Deals Site, Raises $700M At $7B Valuation | Meituan, a group deals site sometimes described as “the Groupon of China,” has raised $700 million at a $7 billion valuation. The company announced the funding on its Weibo page and during a press conference in Beijing on Sunday, but did no... |
| Jun 11, 2013 | More Exits For Asian E-commerce Firms, But Valuations Still Small | There has been a growing rate of exits happening for Asian e-commerce companies, but valuations remain small on average. Most are under the $50 million mark, according to CB Insights’ latest report. The report, which provides a broad sweep ... |
| Dec 12, 2012 | Food Discovery App Burpple Savors $500K In Seed Funding | Burpple, a mobile app that seeks to connect food lovers around the world, today announced that it has received $500,000 in seed funding from Neoteny Labs and QuestVC. The Singapore-based company was also named one of the top 10 startups in ... |
| Jun 27, 2010 | Making Sense of China's 100+ Groupon Clones | This is a guest post by Gang Lu, a Shanghai-based blogger and consultant. His blog mobinode.com covers the Chinese and Asian Web industry, and he also co-founded OpenWeb.Asia workgroup and KUUKIE.com. Twitter hit $1 billion valuation within... |
Reviews 0
FAQ about 55tuan.com
When was 55tuan.com founded?
55tuan.com was founded in 2010.
How much funding has 55tuan.com raised?
55tuan.com has raised $200M in total across 1 funding round.
What has the press written about 55tuan.com?
Parsers VC has collected 5 articles mentioning 55tuan.com, among them “Meituan, China’s Leading Group Deals Site, Raises $700M At $7B Valuation” (Jan 19, 2015) and “More Exits For Asian E-commerce Firms, But Valuations Still Small” (Jun 11, 2013).
Is 55tuan.com still active?
Yes, 55tuan.com is active; its latest activity on Parsers VC dates from May 6, 2015.