Jushuitan, the largest e-commerce SaaS ERP (Enterprise Resource Planning) service provider in China aims to capitalize on the IPO window in the secondary market by moving fast.
Founded in 2014, Jushuitan raised over 600 million yuan (US$83 million) through seven funding rounds, including investments from GGV and Goldman Sachs. The company achieved a post-money valuation of 6 billion yuan in its latest Series C financing.
CEO LUO Haidong holds a 21.4-percent stake, while other executives and co-founders have substantial holdings. Jushuitan’s 2022 revenue reached 523 million yuan, with a 20.7-percent market share. JuShuiTan faces losses and a high debt-to-assets ratio, making short-term profitability unlikely.
