Baletoo.com
Shanghai based Real Estate company.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
N/A | Series C | ||
| Total Funding | 000k | ||
Baletoo.com, operated by Shanghai Wanjian Information Technology Co., Ltd., is a rental housing platform that launched in late 2014. The company was co-founded by Cheng Xiaojun, who also serves as the general manager. His personal experiences with the difficulties and high costs of renting in Shanghai, which he witnessed firsthand and through the struggles of his peers, motivated him to enter the housing rental sector. Before establishing Baletoo, Cheng Xiaojun gained a variety of experiences, including running a Taobao store, starting a gaming company, and working as a management trainee in a foreign-funded enterprise after graduation. This diverse background provided him with the insights to tackle the rental market's challenges. The company name, "Wanjian," which translates to "ten thousand rooms," was inspired by a classic Chinese poem, reflecting the mission to provide ample and secure housing for young people striving in big cities.
The firm primarily functions as an online platform connecting landlords directly with potential tenants, aiming to streamline the rental process in a market often perceived as inefficient. It operates in over a dozen first and second-tier cities in China, including Shanghai, Beijing, Shenzhen, and Hangzhou, managing a substantial portfolio of properties. The business model is centered on providing a comprehensive, one-stop service for both renters and property owners. For tenants, Baletoo offers verified listings with real photos, eliminates intermediary fees, and facilitates monthly rent payments, a deviation from the traditional upfront bulk payments. The platform also provides services like online contract signing, convenient payment options, and post-rental support. For landlords, especially long-term apartment brands, Baletoo offers services such as property measurement, professional photography, and a SAAS intelligent management system to help them manage their assets more effectively. The company has secured significant venture capital, with investors including DCM Ventures, Tiantu Capital, and Nan Fung Group.
Keywords: real estate technology, online rental platform, property technology, direct landlord rentals, monthly rent payments, rental housing services, Shanghai Wanjian Information Technology, Cheng Xiaojun, Chinese rental market, tenant services, landlord solutions, verified property listings, long-term apartment rentals, venture capital backed, rental management software, housing information platform, Beijing rentals, Shenzhen rentals, Hangzhou rentals