JinMaJia.com
Online e-commerce platform for property rights trading.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| N/A | CNY3.0m | Angel | |
| Total Funding | 000k | ||
JinMaJia is an e-commerce platform focused on providing online services for various property rights transactions. Established to serve the reform of state-owned enterprises, the company was initiated by the China Beijing Equity Exchange and jointly funded by 22 other property rights trading centers across China, with an initial registered capital of 30.1 million yuan. The platform officially became independent and started formal operations in December 2009. Xiong Yan, chairman of the China Beijing Equity Exchange, also serves as the chairman of JinMaJia.
The company's platform aims to break down the administrative and regional barriers inherent in traditional property rights trading, which was historically limited by the jurisdiction of state-owned assets supervision and administration commissions. By moving these transactions online, JinMaJia facilitates a national market, reducing the costs for investors to find projects and mitigating information asymmetry between different regions. Its services cover a wide range of assets, including online auctions for items like the Olympic Fou drums and government vehicles. The website also features transaction services for stamps, coins, tea, and jade.
Keywords: property rights exchange, online asset trading, e-commerce platform, state-owned enterprise reform, asset auctions, equity exchange, China Beijing Equity Exchange, cross-regional trading, online bidding, tangible asset transaction