# Baibu funding: rounds and investors

> Baibu has raised $430M across 3 rounds since 2018. Investors include Tiger Global Management, DST Global and Source Code Capital. Every round with its source.

Source: https://millionrounds.com/company/baibu (Millionrounds; every figure on the page links to its filing or article)

China · [Series D startup](https://millionrounds.com/companies)

# Who invested in *Baibu*

3 rounds we have observed, with the 7 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Internet

Funding summary Updated 26 Oct 2026

**$430M** raised across 3 rounds since 2018, from 3 sources

**$30M** Series C **$100M** Series C **$300M** Series D

- **Latest round:** Series D, $300M Dec 2019
- **Step-up i:** 3×
- **Investors:** 7

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019

**$30M** Series C

**$100M** Series C

**$300M** Series D

- **First round:** Series C, $30M
- **Biggest round:** $300M
- **Usual gap between rounds:** 13 months

## The rounds

- **Dec 2019** Series D **$300M** *2 new* [DST Global](https://millionrounds.com/fund/dst-global) [CICC Capital](https://millionrounds.com/fund/cicc-capital) Reported by Chinaknowledge
- **Nov 2018** Series C **$100M** *1 new* [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) Reported by China Money Network
- **Aug 2018** Series C **$30M** *4 new* [Source Code Capital](https://millionrounds.com/fund/source-code-capital) [Yunqi Partners](https://millionrounds.com/fund/yunqi-partners) [Chengwei Capital](https://millionrounds.com/fund/chengwei-capital) Bull Capital Reported by China Money Network

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series C** 2018 **Series C** 2018 **Series D** 2019 [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [DST Global](https://millionrounds.com/fund/dst-global) [Source Code Capital](https://millionrounds.com/fund/source-code-capital) [Yunqi Partners](https://millionrounds.com/fund/yunqi-partners) [Chengwei Capital](https://millionrounds.com/fund/chengwei-capital) [CICC Capital](https://millionrounds.com/fund/cicc-capital) Bull Capital

## Everyone who backed them

[Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) VC firm **1** round

[DST Global](https://millionrounds.com/fund/dst-global) Private equity **1** round

[Source Code Capital](https://millionrounds.com/fund/source-code-capital) VC firm **1** round

[Yunqi Partners](https://millionrounds.com/fund/yunqi-partners) VC firm **1** round

[Chengwei Capital](https://millionrounds.com/fund/chengwei-capital) VC firm **1** round

[CICC Capital](https://millionrounds.com/fund/cicc-capital) Investment firm **1** round

Bull Capital no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=baibu).

## Quick answers about Baibu

### Who invested in Baibu?

Baibu's investors include Tiger Global Management, DST Global, Source Code Capital, Yunqi Partners and Chengwei Capital, and 2 more on record.

### How much has Baibu raised?

Baibu has raised $430M across 3 rounds since 2018.

### When did Baibu last raise?

Baibu's most recent round was a Series D of $300M in Dec 2019.

### What was Baibu's biggest round?

Its most recent round, $300M in Dec 2019, is also its largest on record.

### Who backed Baibu first?

Baibu's first round on record, in Aug 2018, was backed by Source Code Capital, Yunqi Partners and Chengwei Capital and 1 others.

### What stage is Baibu at?

Baibu's latest named round is a Series D, in Dec 2019.

### Where is Baibu based?

Baibu is based in China.

## Companies like Baibu

In the same sector, and raised in the last eighteen months.

[**ByteDance** $33B · Sept 2026](https://millionrounds.com/company/bytedance)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**Blackwall** $162M · Oct 2026](https://millionrounds.com/company/blackwall)[**Tolan** $30M · Oct 2026](https://millionrounds.com/company/tolan)[**Welltory** $4.0M · Oct 2026](https://millionrounds.com/company/welltory)[**Overtime** $33M · Oct 2026](https://millionrounds.com/company/overtime)

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