Shanghai venture capital company11/30/2023 ![]() ![]() ![]() Jinjia impressed investors not only by rapid revenue growth, but also strong profitability, rare for an emerging Chinese beauty brand. Lilian Gu, Director, BDA, said: “In an increasingly competitive beauty sector and capital raise market in China, this transaction has proved the value of R&D-driven brands, supported by high ROI-oriented marketing. We’re honoured to represent Jinjia, and wish them continued success.” With its headquarters in Shanghai, the company has offices in 17 Chinese cities including Beijing, Guangzhou,Shenzhen, and Wuhan. QuanCheng’s business covers 50 tierone and tier two Chinese cities. Jinjia successfully transformed from a Tabao Partner model to a branded business, leveraging strong R&D, brand development, and sales & marketing. Zhenghecixi Capital (),a venture capital founded by top-tier Chinese entrepreneurs was an early investor. With the additional support from our investors, we hope to further strengthen our R&D capability, expand the product portfolio, and complete an omni-channel network via offline footprint expansion.”Īnthony Siu, Partner, Co-Head of Shanghai, BDA, said: “We’re delighted to have advised Jinjia on its successful fund raise. Overview Company Info Shanghai Tongda Venture Capital Co. Maggie Wang, Founder of Shanghai Jinjia, said: “Jinjia operates through an array of brands rather than a single-brand approach, which allows us to meet various and changing demands from today’s younger consumers. The firm invests globally in innovative, high quality growth opportunities in various stages. Jinjia is a leading cosmetics company, which develops and markets an array of successful direct-to-consumer (“DTC”) beauty brands in China, including notably Kimtrue, Everbab and Oncur. Based on strong in-house R&D, Kimtrue, with best-selling hair and skincare products, has become one of the most popular C-beauty brands among Gen Z consumers in China. Shanghai Shangshi Venture Capital Co., Ltd. Trustbridge is a growth-oriented private equity firm with offices in Shanghai, Hong Kong, and Boston. Terms of the transaction were not disclosed. (SIG) was founded on April 20, 2000, with a registered capital of RMB 10.56 billion yuan. BDA Partners is pleased to announce that its client, Shanghai Jinjia (“Jinjia”), has raised significant Series A funding from Meridian Capital China, a leading venture capital company in China, specialised in the Consumer & TMT sectors.īDA was the exclusive financial advisor to Jinjia. ![]()
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