# Mogu Zhixing funding: rounds and investors

> Mogu Zhixing has raised $204M across 2 rounds since 2019. Investors include Tengxun Touzi and BAI Capital. Every round with its source.

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

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

# Who invested in *Mogu Zhixing*

2 rounds we have observed, with the 2 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.

Consumer Apps Logistics

Funding summary Updated 26 Oct 2026

**$204M** raised across 2 rounds since 2019, from 2 sources

**$120M** Series A **$84M** Series C

- **Latest round:** Series C, $84M May 2023
- **Biggest round:** $120M Series A · Feb 2019
- **Investors:** 2

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 2020 2021 2022 2023

**$120M** Series A

**$84M** Series C

- **First round:** Series A, $120M
- **Biggest round:** $120M
- **Between rounds:** 4.3 years

## The rounds

- **May 2023** Series C **$84M** *1 new* *1 returning* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [BAI Capital](https://millionrounds.com/fund/bai-capital-2) Source recorded
- **Feb 2019** Series A **$120M** *1 new* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) 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 A** 2019 **Series C** 2023 [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [BAI Capital](https://millionrounds.com/fund/bai-capital-2)

## Everyone who backed them

[Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) VC firm **2** rounds

[BAI Capital](https://millionrounds.com/fund/bai-capital-2) Investment firm **1** round

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

## Quick answers about Mogu Zhixing

### Who invested in Mogu Zhixing?

Mogu Zhixing's investors include Tengxun Touzi and BAI Capital.

### How much has Mogu Zhixing raised?

Mogu Zhixing has raised $204M across 2 rounds since 2019.

### When did Mogu Zhixing last raise?

Mogu Zhixing's most recent round was a Series C of $84M in May 2023.

### What was Mogu Zhixing's biggest round?

Mogu Zhixing's largest round on record is $120M (Series A), in Feb 2019.

### Who backed Mogu Zhixing first?

Mogu Zhixing's first round on record, in Feb 2019, was backed by Tengxun Touzi.

### What stage is Mogu Zhixing at?

Mogu Zhixing's latest named round is a Series C, in May 2023.

### Where is Mogu Zhixing based?

Mogu Zhixing is based in China.

## Companies like Mogu Zhixing

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

[**Xpeng Motors** $2.4B · Aug 2025](https://millionrounds.com/company/xpeng-motors)[**EngineAI** $139M · Jul 2025](https://millionrounds.com/company/engineai)[**Chengrui Power Technology** May 2025](https://millionrounds.com/company/chengrui-power-technology)[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona)[**Remolonas** $35K · Oct 2026](https://millionrounds.com/company/remolonas)

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