Overview

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Status
Acquired by on July 16, 2003
Total Equity Funding
Undisclosed Amount in 3 Rounds from 2 Investors
Headquarters:
Shanghai
Description:
EachNet.com is a Chinese e-commerce company and online trading community that enables its users to buy and sell a wide range of items.
Founders:
Categories:
E-Commerce
Website:
http://www.eachnet.com

Company Details

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EachNet.com is a Chinese e-commerce company and online trading community that enables its users to buy and sell a wide range of items, from clothing and antique calligraphy to computers and real estate, in both auction and fixed-price formats.

EachNet was established in August 1999 by two companies, Shanghai Eachnet Information Co., Ltd. and Shanghai Eachnet Commercial Co., Ltd. On March 17, 2002, eBay and EachNet formed a strategic business relationship. eBay initially invested US$30 million to acquire a 33% interest in the company. On July 16, 2003, eBay completed its investment in EachNet, acquiring all of its remaining outstanding common stockfor US$150 million. In July 2004, EachNet launched its new name, eBay EachNet.

Funding Rounds (3) - undisclosed

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DateAmount / RoundValuationLead InvestorInvestors
Oct, 2000undisclosed amount / Series D1
Nov, 1999undisclosed amount / Series C1
Jan, 1999undisclosed amount / Series B1

Current Team (1)

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Offices/Locations (1)

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  • Office

    Shanghai,

    CHN

Past Team (1)

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Images (1)

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