Best Retail Companies in Shanghai, China
The 300 best Retail companies in Shanghai, China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Dianping.
Ranked: Best Retail companies in Shanghai
| # | Company | Disclosed funding | Last round | Stage | Employees | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Dianping 🦄 Group buying discount deals platform | $4.3B | 124 mo ago | Series E | 1,792 | — | NginxOpenRestyLodash+5 | — | — |
| 2 | Pinduoduo Innovative e-commerce platform connecting consumers with a wide range of products | $3.2B | 65 mo ago | Public | — | Lei Chen CEO | Node.jsNext.jsReact+7 | — | — |
| 3 | Xiaohongshu 🦄 Online community-based shopping and recommendation platform | $900M | 23 mo ago | Series F | 6,000 | Matthieu Gazal Co-founder & Managing Director | SvelteNginxCloudflare+5 | — | 8 job openings · 2 internships |
| 4 | Aihuishou Online platform for pre-owned electronic products | $878M | 68 mo ago | Public | 2,286 | Wenjun Sun Co-Founder & CEO | SentryEnvoyReact+6 | — | — |
| 5 | Redstar Macalline Furniture retailer in China | $581M | 85 mo ago | Public | 22,621 | Jianxing Che Chairman & CEO | — | — | — |
| 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 | Yang Gao Founder & CEO | — | — | — |
| 7 | Ouyeel 🦄 Provider of an online steel trading and transaction platform | $476M | 47 mo ago | Series B | 1,143 | — | — | — | — |
| 8 | Zhaogang 🦄 Provides of an online B2B steel trading platform | $394M | 107 mo ago | Public | 1,200 | — | JavaElement UIVue.js+4 | 3 patents Dynamic spectrum sharing between GSM and LTE cellular networks | — |
| 9 | Baozun Provider of digital commerce and brand management solutions for enterprises | $269M | 70 mo ago | Public | 7,588 | — | Froala EditorBootstrapGoogle Cloud+14 | — | 1 partnership · 2 expansions · 2 awards |
| 10 | Aikucun Online crowdsourcing distribution platform | $214M | 67 mo ago | Series C | — | Wang Min Founder | Node.jsVue.jsNuxt.js+3 | — | — |
| 11 | 51Zhaoyou Trading platform for petroleum and oil products | $204M | 94 mo ago | Deadpooled | 300 | — | — | — | — |
| 12 | Secoo Online retailer offering luxury fashion products | $195M | 46 mo ago | Deadpooled | 509 | — | JavaNginxOpenResty | — | — |
| 13 | Qijia Online retailer of home renovation materials, interior design, and services | $172M | 135 mo ago | Series D | 1,265 | Huajin Deng Founder & CEO | PHPNginxSwiper+4 | 20 patents Patents concentrated in chemistry & materials | — |
| 14 | Haoqipei B2B marketplace for auto spare parts | $130M | 84 mo ago | Series D | — | Alex Chen Founder & CEO | — | — | — |
| 15 | Fanli Online platform that focuses on getting discounts from third-party ecommerce sites | $130M | 134 mo ago | Public | 186 | Ge Yongchang Co-Founder & CEO | PHPAntV G2Tailwind CSS+13 | 3 patents Soil/rock classification, portable beverage containers, and self-reflowing bottle caps | — |
| 16 | Hangzhou Meiyu Information Technology Online flash-sales marketplace for multi-category products | $128M | 131 mo ago | Series C | 338 | — | Cart FunctionalityNode.jsPHP+5 | — | — |
| 17 | Leyan Technology AI based customer service applications | $120M | 61 mo ago | Series D | 42 | Shen Libin Founder & CEO | — | 2 patents Automatic call answering systems without physical button or flip mechanisms | — |
| 18 | ShopeX Provider of e-commerce software and service provider for businesses | $119M | 63 mo ago | Series D | — | Alex Xu Founder | Node.jsTailwind CSSVue.js+5 | — | — |
| 19 | Ymatou Online cross border B2C ecommerce for Chinese Consumers | $115M | 63 mo ago | Series D | 135 | — | Vue.jsNginxcore-js+3 | — | — |
| 20 | Lili&Beauty B2C e-commerce retailer for cosmetics industry | $110M | 134 mo ago | Series B | 1,005 | — | — | — | — |
| 21 | Ule Online B2C retail platform | $110M | 147 mo ago | Late Stage | 426 | Chen Qing Founder & President | Vue.jsNginxcore-js+4 | — | — |
| 22 | Jiliguala English learning application for children | $100M | 65 mo ago | Series C | 1 | Xie Shangyi Co-Founder | — | — | — |
| 23 | Ehsy Industrial B2B E-commerce marketplace | $100M | 102 mo ago | Series D | 171 | — | Vue.jscore-jsBaidu Analytics (百度统计)+1 | — | — |
| 24 | Sasseur Operator of large-scale outlet mall chains | $100M | 136 mo ago | Late Stage | 6,000 | — | WordPressMySQLPHP+7 | — | — |
| 25 | PETKIT Private label brand of accessories for pets | $85M | 58 mo ago | Series D | 60 | Weike Guo Founder & COO | Cart FunctionalityShopifySentry+35 | — | — |
| 26 | Clobotics Provides drone data management solutions | $84M | 63 mo ago | Series A | 11 | Mads Rasmussen Managing director | WordPressMySQLPHP+18 | — | — |
| 27 | Daphne International Holdings Provider of footwear and accessories presentations | $80M | 204 mo ago | Late Stage | 94 | — | — | — | — |
| 28 | Oh Plus Network Technology Checkout-free convenience store and snack bar | $71M | 96 mo ago | Deadpooled | — | Michael Lv Founder | — | — | — |
| 29 | Xiangwushuo Online commission-based marketplace for pre-owned products | $65M | 94 mo ago | Deadpooled | 150 | Sun Shuo Founder & CEO | — | — | — |
| 30 | 4iNLOOK Operates retail store of contact lenses | $62M | 41 mo ago | Series B | — | Chen Yu Founder & CEO | — | — | — |
| 31 | SUNMI Manufacturer of terminals, pads, kiosks, and related accessories and services | $61M | 88 mo ago | Public | 885 | Wang Zhen Co-Founder & COO | Node.jsAnt DesignReact+14 | — | — |
| 32 | YPX Cayman Holdings Provider of collegiate athletic department services | $59M | 141 mo ago | Deadpooled | 200 | Chris Tay Co-Founder | — | — | — |
| 33 | Super Ordinary Online marketplace for connecting brands and creators | $58M | 32 mo ago | Series B | 92 | Julian Reis CEO & Founder | — | — | — |
| 34 | Neo Bear Provider of AR-based educational products for kids | $56M | 115 mo ago | Series B | 96 | Neo Xiong Founder & CEO | — | — | — |
| 35 | Lianshang Online B2B platform for trading fabrics | $52M | 107 mo ago | Deadpooled | — | Zhao Junhao Founder & CEO | — | — | — |
| 36 | Magic Box Citybox Smart vending machines for offline retailers | $40M | 97 mo ago | Series B | — | Shen Bowei Co-Founder & CEO | — | — | — |
| 37 | Appconomy Context aware mobile app developer for retail stores | $37M | 130 mo ago | Deadpooled | 8 | — | — | — | — |
| 38 | Haizol Online B2B platform for industrial goods | $36M | 87 mo ago | Series B | 300 | — | Node.jsVideoJSVue.js+14 | — | — |
| 39 | MollyBox Online subscription-based platform for pet supplies 37Funding top 35%Talent bottom 49%Global bottom 38% All 3 signals ▾Fundingtop 35% Talentbottom 49% Globalbottom 38% Funding: Raised $33.0M across 2 rounds · 2 rounds over 7 yrs (0.3/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 37/100 | $33M | 46 mo ago | Deadpooled | — | Ju Yi Founder and CEO | — | — | — |
| 40 | Chunmi Electronic Technology Manufactures and supplies smart kitchen appliances | $32M | 61 mo ago | Series D | 40 | — | — | — | — |
| 41 | Particle Fever Private label brand of sportswear | $30M | 67 mo ago | Series C | 20 | — | — | — | — |
| 42 | POOK Retailer of beauty products | $29M | 45 mo ago | Series B | 700 | — | — | — | — |
| 43 | Ickey E-distributor of industrial components | $28M | 72 mo ago | Public | 641 | Qiu Ciyun CEO | SentryVue.jsTengine+3 | — | — |
| 44 | Eshallgo Provider of office supply sale and leasing services with a focus on office equipments | $25M | 17 mo ago | Public | — | Qiwei Miao CEO | — | — | — |
| 45 | Pidan Internet first brand offering multi-category products for cats | $16M | 54 mo ago | Series B | 36 | Wenfei Ma Founder | — | — | 2 launchs · 1 expansion |
| 46 | bosie Wholesaler of fashion clothes | $15M | 41 mo ago | Series B | 60 | — | — | — | — |
| 47 | Shanghai Lingmo Intelligent Technology Provider of intelligent product recognition systems for offline retailers | $11M | 57 mo ago | Series A | — | Fan Lingyun CEO | — | — | — |
| 48 | Easy-to-buy work E-distributor of MRO & industrial tools | $10M | 52 mo ago | Series C | 50 | Zhu Hongtao CEO | — | — | — |
| 49 | Happay China Provider of e-commerce support services | $10M | 58 mo ago | Series A | — | Chen Jin Founder & CEO | — | — | — |
| 50 | Cloudpick Platform offering suite of software solutions to offline retailers | $7M | 51 mo ago | Series A | 18 | Rosie Z Co-founder & COO | PHPanime.jsAnimate.css+10 | — | 1 launch · 1 partnership |
Top 12 Retail companies in Shanghai
#1
Series F · Shanghai, Shanghai · founded 2013 · 6000 employees$900Mraised▾
Online community-based shopping and recommendation platform. The product catalog includes beauty, travel, food, sports, digital, baby care, fashion. and more. It allows users to browse items, share on social media, read reviews, influencers can post, share travel blogs & lifestyle stories via short videos and photos, and more.
- Jul 2024Series F—
- Nov 2021Series F$500M
- Mar 2020Series E—
- May 2018Series D$300M
#2
Public · Shanghai, Shanghai · founded 2015$25Mraised▾
Eshallgo Inc. is a holding company that operates in the sale and lease of office equipment, as well as after-sale maintenance and repair services. The company recently closed its initial public offering, raising $5M and trading on the Nasdaq under the ticker symbol EHGO. Eshallgo is focused on providing office solutions in China through its subsidiaries and controlled entities.
- Dec 2024Post IPO$20M
- Nov 2024Post IPO$5M
#3
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
#4
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
#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
Series B · Shanghai, Shanghai · founded 2017 · 92 employees$58Mraised▾
Online marketplace for connecting brands and creators
- Oct 2023Series B$58M
- Jan 2021Series A—
- Mar 2019Series A—
#7
Dianping 🦄Series E · Shanghai, Shanghai · founded 2003 · 1792 employees$4.3Braised▾
Group buying discount deals platform. The platform lists deals in multiple categories including restaurants, travel. beauty, medical & health, cars, pets, and more.
- Jan 2016PE$3.3B
- Mar 2015Series E$850M
- Feb 2014Series D—
- Aug 2012Series D$64M
#8
Deadpooled · Shanghai, Shanghai · founded 2008 · 509 employees$195Mraised▾
Online retailer offering luxury fashion products. The product catalog includes fashion apparel, jewelry, handbags, footwear, watches, sunglasses, scarves, belts, and more from various brands. It also offers beauty and home products.
- Aug 2022Post IPO—
- Jun 2020Post IPO—
- Jul 2018Post IPO$175M
- Jul 2015Series E$55M
#9
Public · Shanghai, Shanghai · founded 2010 · 2286 employees$878Mraised▾
Online platform for pre-owned electronic products. The company provides an online platform to sell laptops, phones, handheld game consoles, and others in return for cash. The company provides courier services for collecting the products. The company refurbishes the products and resells them in different countries also.
- Sep 2020Series E$100M
- Jun 2019Series E$500M
- Jul 2018Series E$150M
- Dec 2016Series D$58M
#10
Series B · Shanghai, Shanghai · founded 2007$61.9Mraised▾
Operates retail store of contact lenses
- Jan 2023Series B—
- Feb 2021Series B$15.5M
- Dec 2019Series A—
#11
Public · Shanghai, Shanghai · founded 1986 · 22621 employees$581Mraised▾
Redstar Macalline is a home furniture/lifestyle retailer in China. It provides home furnishing products and furniture and also offers home furnishing consulting services. Targets the rapidly growing middle class in China through the operation of malls that offer furniture and home decoration material such as flooring, bathroom and kitchen fixtures. Currently runs more than 140 shopping malls across over 100 Chinese cities. In 2019, the company recorded annual revenues of 2.3, and a net profit of 0.7B.
- May 2019Post IPO$633.9M
- Nov 2017Post IPO$227.3M
- Jun 2010Series E$381M
- 2008Series D$200M
#12
Series C · Shanghai, Shanghai · founded 2017$214.3Mraised▾
Aikucun is an online crowdsourcing distribution platform. It utilises S2B2C model to connect manufacturer, distributors and customers together to solve the problem of manufacturing inventory. Its features include order & inventory management, sales & distribution management, destocking & logistics management, after-sales services and more.
- Nov 2020Series C—
- Oct 2018Series B$110M
- Jul 2018Series B$88M
- Jan 2018Series A$15M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Retail coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Sweetie watches where the money and the users are piling in. She covers sector wealth and momentum — the install curves and revenue pools that show which corners of the market are quietly on fire.