Best B2B E-Commerce Companies in China
The 241 best B2B E-Commerce companies in China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Pinduoduo.
China's B2B E-Commerce market is one of the most heavily funded corners of global digital trade, and this directory ranks the best B2B E-Commerce companies in China by disclosed equity funding and recent momentum across 241 tracked firms. Total disclosed capital sits at $11.7B, with five unicorns in the mix and a funding spread that tells you a lot about where the real bets are landing.
The numbers at the top are hard to ignore. Huitongda has pulled $994M, Pinduoduo $3.2B, and Ruigu $490M, while Ouyeel's $476M signals serious institutional conviction in industrial e-commerce. That concentration of capital tracks with a broader global expansion story: the B2B e-Commerce market is forecast to grow from roughly $7.4T in 2021 to $18.8T by 2027 at a CAGR of 11.92%. And as China's outsized footprint in the world's top B2B platforms makes clear, this isn't a market you can read from the sidelines. Data privacy regulation is tightening, which I'd flag as the structural friction most likely to reshape platform economics here. Investors like Matrix Partners China and Source Code Capital are clearly watching the same signals you are.
Ranked: Best B2B E-Commerce companies in China
| # | Company | Disclosed funding | Last round | Stage | Employees | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Pinduoduo Innovative e-commerce platform connecting consumers with a wide range of products | $3.2B | 65 mo ago | Public | — | 2015 | Node.jsNext.jsReact+7 | — |
| 2 | Meicai 🦄 B2B platform offering multi-category farm products | $1.3B | 92 mo ago | Series F | 30,000 | 2014 | VideoJSVue.jsApache APISIX+3 | — |
| 3 | Huitongda Provider of logistics services for online businesses | $994M | 61 mo ago | Public | 4,630 | 2008 | — | — |
| 4 | Yijiupi 🦄 Online B2B distribution platform offering multi-category alcoholic beverage products | $642M | 76 mo ago | Series D | 73 | 2014 | — | — |
| 5 | Huimin 🦄 Online B2B retailer platform offering grocery products | $522M | 65 mo ago | Series C | — | 2013 | — | — |
| 6 | Ruigu Online supplier of MRO tools and supplies 37Moat top 22%Funding top 26%Talent bottom 49%Market bottom 43% All 5 signals ▾Moattop 22% Fundingtop 26% Talentbottom 49% Marketbottom 43% Globalbottom 36% Moat: Editorial + unicorn rating 8/10 · Soonicorn Funding: Raised $490M across 5 rounds · 5 rounds over 10 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 37/100 | $490M | 49 mo ago | Series D | 52 | 2014 | — | — |
| 7 | Ouyeel 🦄 Provider of an online steel trading and transaction platform | $476M | 47 mo ago | Series B | 1,143 | 2015 | — | — |
| 8 | Baibu B2B marketplace platform offering fashion raw materials | $465M | 65 mo ago | Series D | 174 | 2014 | — | — |
| 9 | Zhaogang 🦄 Provides of an online B2B steel trading platform | $394M | 107 mo ago | Public | 1,200 | 2012 | JavaElement UIVue.js+4 | — |
| 10 | Casstime Online B2B marketplace for auto spare parts & accessories | $292M | 33 mo ago | Series D | 2,000 | 2015 | PHPBaidu MapsNginx+3 | — |
| 11 | Cheyipai B2B used car trading platform | $230M | 117 mo ago | Acquired | 17 | 2006 | BootstrapModernizrjQuery | — |
| 12 | Zhongneng United Digital Technology Online marketplace platform for heavy equipment rentals 67Funding top 23%Market top 29%Talent bottom 49%Moat bottom 48% All 5 signals ▾Fundingtop 23% Markettop 29% Talentbottom 49% Moatbottom 48% Globalbottom 36% Funding: Raised $226M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) Market: 2,000 employees (top 4% of Industrial Goods and Manufacturing) rank vs industry peers · Fliar Intelligence Index 67/100 | $226M | 41 mo ago | Series D | 2,000 | 2015 | — | — |
| 13 | Aikucun Online crowdsourcing distribution platform | $214M | 67 mo ago | Series C | — | 2017 | Node.jsVue.jsNuxt.js+3 | — |
| 14 | 51Zhaoyou Trading platform for petroleum and oil products | $204M | 94 mo ago | Deadpooled | 300 | 2015 | — | — |
| 15 | Xyb2b B2B cross-border marketplace for maternity and beauty products | $149M | 85 mo ago | Series B | 3,000 | 2015 | — | — |
| 16 | Meican Online platform for ordering meals | $133M | 54 mo ago | Series E | 5 | 2011 | — | — |
| 17 | Haoqipei B2B marketplace for auto spare parts | $130M | 84 mo ago | Series D | — | 2016 | — | — |
| 18 | Ds365 Online B2B marketplace for FMCG goods | $127M | 114 mo ago | Deadpooled | — | 2014 | — | — |
| 19 | Guangzhou Batulu Information Technology Online B2B marketplace for automotive aftermarket products | $122M | 86 mo ago | Series C | — | 2013 | — | — |
| 20 | Ehsy Industrial B2B E-commerce marketplace | $100M | 102 mo ago | Series D | 171 | 2002 | Vue.jscore-jsBaidu Analytics (百度统计)+1 | — |
| 21 | Kzmall Online retailer of automotive spare parts to repair shops | $76M | 82 mo ago | Series B | 50 | 2015 | — | — |
| 22 | Lingxing Provider of SaaS-based software suite solutions for cross-border e-commerce solutions | $75M | 54 mo ago | Series C | 31 | 2017 | Node.jsElement UIVue.js+10 | — |
| 23 | Dafengshou Innovative agricultural service platform providing solutions for farmers and agricultural businesses | $73M | 86 mo ago | Series C | 43 | 2014 | — | — |
| 24 | AutoCloud Pro Online distributor of auto parts & accessories | $73M | 81 mo ago | Deadpooled | 400 | 2014 | — | — |
| 25 | Yixing Intelligent Technology Online retailer of wearable devices | $69M | 43 mo ago | Seed | — | — | — | — |
| 26 | Shenzhen Eicang Technology Platform offering cross-border e-commerce management solution for businesses | $65M | 58 mo ago | Series B | 600 | 2013 | Alibaba Cloud Object Storage Service | — |
| 27 | Zhaosuliao B2B O2O Plastic Trading Platform | $58M | 130 mo ago | Series B | 300 | 2014 | NginxjQueryBaidu Analytics (百度统计) | — |
| 28 | Lianshang Online B2B platform for trading fabrics | $52M | 107 mo ago | Deadpooled | — | 2015 | — | — |
| 29 | Guangzhou Fumi Technology App-based online retailer of women apparel & accessories | $48M | 72 mo ago | Series C | — | 2016 | Node.jsAnt DesignNginx+6 | — |
| 30 | DHgate B2B cross-border wholesale marketplace platform | $46M | 141 mo ago | Series D | 501 | 2004 | Amazon WebstoreCart FunctionalitySentry+36 | — |
| 31 | Fairlubo Platform for dealers to buy cars met with accidents through auction | $45M | 123 mo ago | Acquired | 600 | 2011 | — | — |
| 32 | Machine Honey Business E-distributor offering IT equipment for retailers on a rental basis | $42M | 80 mo ago | Deadpooled | 60 | 2019 | — | — |
| 33 | Ningbo Seafood Information Technology Digital platform providing integrated services for the fishing industry | $42M | 97 mo ago | Series C | — | 2015 | — | — |
| 34 | Haizol Online B2B platform for industrial goods | $36M | 87 mo ago | Series B | 300 | 2015 | Node.jsVideoJSVue.js+14 | — |
| 35 | Zskuaixiao Partner relationship management and B2B marketplace solution for FMCG products | $33M | 98 mo ago | Acqui-Hired | — | 2015 | — | — |
| 36 | Ickey E-distributor of industrial components | $28M | 72 mo ago | Public | 641 | 2002 | SentryVue.jsTengine+3 | — |
| 37 | YMT.com Online B2B marketplace offering agro products | $20M | 89 mo ago | Public | 71 | 2011 | Node.jsVue.jsExpress+4 | — |
| 38 | Gfresh Online global marketplace platform for users to sell seafood in China | $20M | 115 mo ago | Series A | 53 | 2014 | — | — |
| 39 | Youpeiliangpin Online B2B platform for ordering fresh farm products | $20M | 118 mo ago | Deadpooled | 21 | 2015 | — | — |
| 40 | Chezhency Online B2B trading platform for second-hand automobiles | $20M | 100 mo ago | Series B | — | 2015 | — | — |
| 41 | Shenzhen Jijia Cross-border Network Technology Cloud based cross border enterprise resource planning software provider | $19M | 45 mo ago | Series A | — | 2017 | — | — |
| 42 | Xiaoxi U Rent Online rental platform for IT equipment & office supplies | $14M | 58 mo ago | Public | 771 | 2004 | — | — |
| 43 | Tuiquan Offers a marketplace providing procurement management solutions | $14M | 74 mo ago | Series A | — | 2009 | — | — |
| 44 | Easy-to-buy work E-distributor of MRO & industrial tools | $10M | 52 mo ago | Series C | 50 | 2016 | — | — |
| 45 | Molbase B2B ecommerce platform for chemicals | $10M | 68 mo ago | Public | 189 | 2012 | PHPLaravelNginx+3 | — |
| 46 | BWCmall.com Distributor of electrical and mechanical hardware | $10M | 80 mo ago | Series A | 100 | 2015 | — | — |
| 47 | Markato B2B wholesale marketplace platform offering multi-category products | $5M | 33 mo ago | Seed | — | 2023 | Node.jsReactNext.js+16 | — |
| 48 | Shenzhen Jijia Cross-border Network Technology Provider of cross-border e-commerce solution for businesses | $5M | 63 mo ago | Deadpooled | — | 2017 | — | — |
| 49 | Peeba Online B2B cross-border marketplace for multi-category products | $4M | 36 mo ago | Seed | 39 | 2019 | Cart FunctionalityZohoGoogle Sign-in+25 | — |
| 50 | BuyHive Online B2B marketplace platform connecting buyers and manufacturers | $2M | 57 mo ago | Seed | — | 2019 | Cart FunctionalityWordPressMySQL+33 | — |
Top 12 B2B E-Commerce companies in China
#1
Series D · Shenzhen, Guangdong Province · founded 2015 · 2000 employees$291.8Mraised▾
Casstime is an online B2B marketplace for auto spare parts & accessories. The local auto repair shops can request quotes from various automobile spare suppliers & get competitive prices. It offers a SaaS-driven platform to both repair shops & auto parts dealers to manage their inventory.
- Sep 2023Series D$27.5M
- May 2022Series D—
- Dec 2020Series C$35M
- Jun 2020Series C$50M
#2
Series D · Nanjing, Jiangsu · founded 2015 · 2000 employees$226.1Mraised▾
Online marketplace platform for heavy equipment rentals. The platform connects machinery providers and renters to manage listings, requests, and usage through a centralized system. It helps coordinate access to industrial equipment and supports rental arrangements via an integrated online workflow.
- Dec 2022Series D—
- Mar 2021Conventional Debt—
- Mar 2021Series C—
- Aug 2020Series C—
#3
Series D · Shanghai, Shanghai · founded 2014 · 52 employees$490.2Mraised▾
Ruigu is an online supplier of MRO tools and supplies offering power tools, hand tools, generators, lifting gear etc. It sells products from brands such as WuLong, North, Han Touch Power etc. It ships across 165 cities of China as of May 2017.
- May 2022Series D$150M
- Oct 2021Series D$250M
- Sep 2020Series C—
- Sep 2019Series C$42.2M
#4
Public · Shanghai, Shanghai · founded 2015$3.2Braised▾
Innovative e-commerce platform connecting consumers with a wide range of products. It is a dynamic online marketplace facilitating transactions between buyers and sellers. The platform emphasizes value and accessibility, offering a diverse selection of goods through its website and mobile application. It focuses on social commerce, encouraging users to share and discover products through their networks. The company provides services for merchants, including onboarding, support, and tools to manage their online stores. It also offers customer service and dispute resolution to ensure a positive shopping experience. The platform is committed to consumer protection and intellectual property rights. It operates a B2C model, leveraging technology to create a seamless and engaging shopping experience.
- Dec 2020Post IPO$500M
- Mar 2020Post IPO$1.1B
- Sep 2019Post IPO$875M
- Apr 2018Series D$3B
#5
Ouyeel 🦄Series B · Shanghai, Shanghai · founded 2015 · 1143 employees$476.3Mraised▾
Provider of an online steel trading and transaction platform. It provides users with supply chain services in the steel industry, including trading, logistics, supply chain finance, steel technology, and data information, to manage costs in the supply chain.
- Jul 2022Series B$35.8M
- Jun 2019Series B$294M
- May 2017Series A$146.4M
#6
Public · Nanjing, Jiangsu · founded 2008 · 4630 employees$993.6Mraised▾
Provider of logistics services for online businesses. It allows users to integrate with existing platforms to provide same-day deliveries. It also allows users to track parcels.
- May 2021Series E—
- Dec 2020Series D—
- Apr 2018Series D$716.4M
- 2017Series C$73.5M
#7
Seed · Hong Kong, Hong Kong · founded 2023$5Mraised▾
B2B wholesale marketplace platform offering multi-category products. The platform connects retailers with brands and offers multi-category products like home and living products, fashion accessories, and beauty products.
- Aug 2023Seed$5M
#8
Seed · Guangzhou, Guangdong$69Mraised▾
Online retailer of wearable devices
#9
Seed · Kwun Tong, Hong Kong · founded 2019 · 39 employees$4.3Mraised▾
Online B2B cross-border marketplace for multi-category products. The product catalog includes stationery, kitchen accessories, pet supplies, home & living, kids & baby products, beauty & personal care, fashion, and more from different brands.
- 2023Seed$500K
- Apr 2022Seed$4.2M
#10
Huimin 🦄Series C · Beijing, Beijing · founded 2013$521.9Mraised▾
Huimin is an online B2B retailer platform offering grocery products. The company offers products for local convenience stores, supermarkets, and consumers. Its product offerings include food & drink, daily products, and more. The company's hyperlocal ordering app allows consumers to place orders from nearby stores. In addition to its B2B and B2C vertical also offers PoS systems and financial services integrated with Huimin's offerings through hftcom.com.
- Dec 2020Series C$2.1M
- Sep 2019Series C$224.8M
- Sep 2016Series B$195M
- Jan 2015Series A$100M
#11
Yijiupi 🦄Series D · Beijing, Beijing · founded 2014 · 73 employees$642.2Mraised▾
Online B2B distribution platform offering multi-category alcoholic beverage products. The product catalog includes wine spirits, snacks, and more.
- Feb 2020Series D—
- Aug 2019Series D$80M
- Mar 2019Series D$100M
- Aug 2018Series D$200M
#12
Series D · Guangzhou, Guangdong · founded 2014 · 174 employees$464.6Mraised▾
B2B marketplace platform offering fashion raw materials. The company offering a platform for buyers and sellers to find fabrics and raw materials. It uses cloud computing, big data, Internet of Things, artificial intelligence, and other technologies to provide services in links of the industrial chain such as raw material procurement, fabric production, finished fabric distribution, and clothing production and sales. The company offers mobile applications for Android and iOS platforms.
- Jan 2021Series D$110M
- Dec 2019Series D$300M
- Aug 2018Series C$30M
- Aug 2017Series B$24.6M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of B2B E-Commerce coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.