# Xiaopangxiong funding: rounds and investors

> Xiaopangxiong has raised $418M across 2 rounds since 2019. Investors include Yunqi Partners, Tengxun Touzi and Matrix Partners China.

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

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

# Who invested in *Xiaopangxiong*

2 rounds we have observed, with the 6 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.

E-commerce Internet

Funding summary Updated 26 Oct 2026

**$418M** raised across 2 rounds since 2019, from 2 sources

**$18M** Series B **$400M** Series C

- **Latest round:** Series C, $400M Jun 2021
- **Step-up i:** 21.9×
- **Investors:** 6

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.

2020 2021

**$18M** Series B

**$400M** Series C

- **First round:** Series B, $18M
- **Biggest round:** $400M
- **Between rounds:** 19 months

## The rounds

- **Jun 2021** Series C **$400M** *5 new* *1 returning* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) [SoftBank](https://millionrounds.com/fund/softbank-2) [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) [Yunqi Partners](https://millionrounds.com/fund/yunqi-partners) [Qingsong Fund](https://millionrounds.com/fund/qingsong-fund) Source recorded
- **Oct 2019** Series B **$18M** *1 new* [Yunqi Partners](https://millionrounds.com/fund/yunqi-partners) Reported by Kr-asia

## 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 B** 2019 **Series C** 2021 [Yunqi Partners](https://millionrounds.com/fund/yunqi-partners) [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) [SoftBank](https://millionrounds.com/fund/softbank-2) [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) [Qingsong Fund](https://millionrounds.com/fund/qingsong-fund)

## Everyone who backed them

[Yunqi Partners](https://millionrounds.com/fund/yunqi-partners) VC firm **2** rounds

[Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) VC firm **1** round

[Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) VC firm **1** round

[SoftBank](https://millionrounds.com/fund/softbank-2) Investment firm **1** round

[SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) VC firm **1** round

[Qingsong Fund](https://millionrounds.com/fund/qingsong-fund) VC firm **1** round

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

## Quick answers about Xiaopangxiong

### Who invested in Xiaopangxiong?

Xiaopangxiong's investors include Yunqi Partners, Tengxun Touzi, Matrix Partners China, SoftBank and SoftBank Vision Fund, and 1 more on record.

### How much has Xiaopangxiong raised?

Xiaopangxiong has raised $418M across 2 rounds since 2019.

### When did Xiaopangxiong last raise?

Xiaopangxiong's most recent round was a Series C of $400M in Jun 2021.

### What was Xiaopangxiong's biggest round?

Its most recent round, $400M in Jun 2021, is also its largest on record.

### Who backed Xiaopangxiong first?

Xiaopangxiong's first round on record, in Oct 2019, was backed by Yunqi Partners.

### What stage is Xiaopangxiong at?

Xiaopangxiong's latest named round is a Series C, in Jun 2021.

### Where is Xiaopangxiong based?

Xiaopangxiong is based in China.

## Companies like Xiaopangxiong

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

[**ByteDance** $33B · Sept 2026](https://millionrounds.com/company/bytedance)[**Moonshot AI** $6.7B · Jun 2026](https://millionrounds.com/company/moonshot-ai)[**EloElo** $13M · Oct 2026](https://millionrounds.com/company/eloelo)[**Remolonas** $35K · Oct 2026](https://millionrounds.com/company/remolonas)[**ZeroW** $417K · Oct 2026](https://millionrounds.com/company/zerow)[**Chapter Homes** $6.6M · Oct 2026](https://millionrounds.com/company/chapter-homes)

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