When was 1688.com founded?

1688.com was founded in 1999 and raised its 1st funding round 18 years after it was founded.

Where is 1688.com located?

1688.com is headquartered in Hangzhou, China.

Who is the current CEO of 1688.com?

Jack Ma of 1688.com. They have also founded 1 company and are angel investors in 2 startups.

How many employees does 1688.com have?

As of May 31, 2026, the latest employee count at 1688.com is 1.

Is 1688.com a funded company?

1688.com is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Mar 2017.

When was the latest funding round of 1688.com?

1688.com's latest funding was a $***** Series A round on Mar 2017, with participation from 1 investor.

Where does 1688.com rank among its competitors?

1688.com ranks 4th amongst 65 active competitors, of which 13 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Markato, which secured $5M in Aug, 2023.

Who are the top competitors of 1688.com?

1688.com's top competitors include Alibaba, HKTDC and Made-In-China. Among them, Markato secured the most recent funding round in August, 2023.

1688.com - 2026 Company Profile, Team, Funding & Competitors

1688.com is a series A company based in Hangzhou (China), founded in 1999 by Jack Ma. It operates as an Online B2B wholesale marketplace in China. 1688.com has raised $5.1M in funding. The company has 65 active competitors, including 13 funded and 6 that have exited. Its top competitors include companies like Alibaba, HKTDC and Made-In-China.

Company Details

1688.com is a leading online wholesale marketplace in China. It serves as a wholesale channel for merchants doing business on Alibaba Group's retail marketplaces to source products from domestic wholesalers. Products range across consumer goods, industrial supplies, metals and almost everything under the sun.The company is part of Global eCommerce giant Alibaba.

Website: www.1688.com/
Part Of

Key Metrics

Founded Year

1999

Location

Hangzhou, China

Stage

Series A

Total Funding

$5.1M in 1 round

Latest Funding Round

Series A, Mar 2017, $*****

Investors

Zhongyu Capital & 1 more

Ranked

4^th among 65 active competitors

Employee Count

1 as on May 31, 2026

Similar Companies

Faire & 776 more

View 1688.com's full profile

1688.com has raised a total funding of $5.1M over 1 round. Its latest funding round was a Series A round on Mar 2017 for $*****. 1 investor participated in its latest round. 1688.com has 2 institutional investors.

Here is the list of recent funding rounds of 1688.com:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 2017	4093518	Series A	2368764	1806732	8312000	6811288

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View details of 1688.com's funding rounds and investors

The founders of 1688.com is Jack Ma.

Here are the details of 1688.com's key team members:

Jack Ma: Founder & CEO of 1688.com and founder of 3 other companies, Taiji Zen, AliHealth and Alibaba Group. They are also an angel investor in 2 startups.

View details of 1688.com's Founder profiles and Board Members

1688.com's employee count trend

1688.com has 1 employees as of May 26. Here is 1688.com's employee count trend over the years:

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Top competitors of 1688.com include Alibaba, HKTDC and Made-In-China. Here is the list of Top 10 competitors of 1688.com, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Alibaba 1999, United States, Public	Online marketplace connecting global buyers with manufacturers, suppliers, and exporters	-	Silver Lake, All Access Venture Partners ... & 47 others	80/100
2nd	HKTDC 1966, Hong Kong (China), Unfunded	Online B2B listing platform for multi-category products	-	-	58/100
3rd	Made-In-China 1996, Nanjing (China), Unfunded	Listing Platform connecting buyers, manufacturers and products	-	Qiming Venture Partners	55/100
4th	1688.com 1999, Hangzhou (China), Series A	Online B2B wholesale marketplace in China	$5.1M	Zhongyu Capital, Su Da Tiangong Venture Capital Management ... Read more	52/100
5th	Aikucun 2017, Shanghai (China), Series C	Online crowdsourcing distribution platform	$214M	GGV Capital, Legend Capital & 6 others	45/100
6th	Markato 2023, Hong Kong (China), Seed	B2B wholesale marketplace platform offering multi-category products	$5M	Lightspeed, Transcend Capital Partners	42/100
7th	HC Network 1992, Beijing (China), Public	B2B e-commerce listing platform	-	IDG Capital, Tsing Capital	42/100
8th	CCCME 1988, Beijing (China), Acquired	Association promoting import and export of mechanical and electrical products	$9.41M	Evia Capital Partners, CITIC Capital	41/100
9th	Xyb2b 2015, Shenzhen (China), Series B	B2B cross-border marketplace for maternity and beauty products	$149M	Bell Capital, Oriental Fortune Capital & 9 others	41/100
10th	ECPlaza 1996, Seoul (South Korea), Public	Online B2B marketplace platform offering multi-category products	-	My Venture Partners, Sky Saga Capital	36/100