ZTO Express

500.com is a Chinese online sports lottery service provider that aggregates and processes lottery purchase orders.

Launch date

May 2009

Employees

Shanghai Shanghai (HQ)

Date	Investors	Amount	Round
-	Sequoia Capital Alibaba Group Affirma Capital Zhejiang Cainiao Supply Chain Management Cainiao HongShan	N/A	-
Oct 2013	N/A	N/A	Convertible
Jan 2015	Warburg Pincus	N/A	Growth Equity VC
Oct 2016	N/A	N/A	IPO
May 2018*	Alibaba Cainiao	$1.4b	Growth Equity VC
Sep 2020	N/A	N/A	IPO
Sep 2022*	N/A	$1.0b	Post IPO Convertible
Total Funding		CAD1.9b