Deals | Didi & Ofo Investor Bets on WeChat Mini Program-based Service Provider Aldwx.com

The startup is valued at RMB 1 billion post-funding.

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Deals | Didi & Ofo Investor Bets on WeChat Mini Program-based Service Provider Aldwx.com

Aldwx.com (阿拉丁), China’s third-party statistics platform for WeChat mini-programs, announced last night that it has closed an RMB 60 million (approx. USD9.5 million) Series A round led by GSJ Ventures, with participation from existing investors including Ameba Capital. The company is valued at as much as RMB 1 billion (approx. USD 157.9 million) post-funding, speaking to the upbeat mood exhibited by investors for the WeChat ecosystem.

The startup plans to use the investment in upgrading products, hardware, and technologies, as well as scaling up its market share and team. Founded in 2016, the startup has just landed last December RMB 30 million (approx. USD 4.59 million) in a Pre-A round led by Ameba Capital, followed by Sinovation Ventures and Zero2IPO.

Image from Baidu.

Riding on the wave of the WeChat-based mini-program platform, investors show more interests in ecosystem-service providers like Aldwx.com, “WeChat mini-programs has gradually revealed its huge potential. Adopting the mini-program in various business models will bring innovative opportunities to businesses and eventually create a bigger ecosystem,” said Allen Zhu, the managing director at GSJ Ventures, the investor behind Didi and Ofo.

“Aldwx.com is the first one of its kind to focus on WeChat mini program and is also the best in terms of building of an ecosystem around its services.”

The startup provides services in four domains: a statistics platform dedicated to developers and researchers, a monitor of the ecosystem, a platform for third-party developers and a promotion tool.

Read more about Aldwx.com and WeChat mini-program: Riding on The Wave of WeChat Mini Program, Data Statistics Platform Aldwx.com Raised $4.5 M

Editor: Ben Jiang