Dmall
Dmall (Dmall Inc.; Chinese: 多点) is a China-based retail digitalization and cloud solution provider founded in 2015. The company offers an end-to-end, cross-channel SaaS platform (DmallOS) that helps brick-and-mortar retailers digitally transform their operations, spanning online order fulfillment, user engagement and membership management, self-checkout equipment, intelligent product selection, inventory and supply-chain optimization. Originally spun out of Wumart Group, Dmall is described as the largest retail cloud solution services provider in China and Asia, serving over 600 customers including Wumart, Metro and Lawson, with operations extending across Hong Kong, Macau, Singapore, Malaysia, Indonesia, the Philippines, Cambodia and Brunei. Dmall listed on the Main Board of the Hong Kong Stock Exchange in December 2024.
Public Company
Dmall is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2015
Employees
1,001–5,000
Total Funding
$704.3M
6 rounds
Last Private Valuation
$3.05B
Nov 2022
Funding
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $704.3M across 6 rounds
Last updated 10-08-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Nov 2022 | Series C+ | $51.8M | $3.05B | Not disclosed |
| Oct 30, 2020 | Series C | $370M | $2.3B | Industrial Bank, China Structural Reform Fund |
| Apr 2019 | Series B+ | $50.5M | $1.33B | Not disclosed |
Valuation Trajectory
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series A
$606M
May 2017
Dmall today
$3.1B
Nov 2022 · latest mark
Dmall multiple
5.0x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Leadership
Zhang Feng
Co-founder, Executive Director & President
Curtis Alan Ferguson
Chairman & Non-executive Director
Dmall Investment FAQ
Dmall FAQ
Dmall listed on the Main Board of the Hong Kong Stock Exchange on 6 December 2024 (stock code 2586), selling about 25.8 million shares at HK$30.21 for gross proceeds of roughly HK$778.6 million, with DFI Retail Group as cornerstone investor. The shares fell sharply on debut.
Dmall shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Dmall had a valuation of approximately $3.05B at the time of its public offering. Current market capitalization fluctuates with the share price.
Dmall raised $704.3M across 6 disclosed funding rounds prior to its public listing.
Dmall was founded by Zhang Feng in 2015.
Dmall is headquartered in Beijing, China.
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