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Shangby Overview

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Shangby is an innovative shopping service that allows Western shoppers to buy items from China, which are considerably cheaper than their counterparts in the United States. The firm, based in Austin, Texas and Shanghai, China, allows users to sign up for "shopping events", where through a live video feed, they can follow a Shangby shopping guide through jewelry stores in Shanghai. One of the...More»

10 Sundown Parkway Austin, TX 78746 Map it »
512-535 0145
2006
Consumer Internet
Shopping / eCommerce
Private

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Date Type Capital Amount Post-Money Valuation Investors
06/2007 Series A 1M Unknown

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Name:Shangby
Product URL:http://www.shangby.com/
Description:The basis of Shangby's appeal is the fact that items that are under $1000 in the US are normally 5 to 10 times cheaper in China, while items over $1000 are 2 to 5 times cheaper in China. The site only deals with reputable merchants that sell non-branded merchandise. Shangby collects a handling charge of 15% per purchase, and a shipping fee of $30 for every purchase under $400.
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09/30/2008 12:29PM by pinksplash

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User Opinions

Bulls vs. Bears (3)

Bullish Opinions (2) Author/Date Do you agree?

Great idea!! The price of the same product is somewhat 80% cheaper in China than in US walmart

yueyue 08/09/2008

It's an interesting idea - appealing for Western buyers interested in buying things in China

need4speed 06/06/2008
Bearish Opinions (1) Author/Date Do you agree?

Given China's reputation for fake goods, many buyers may stay away

need4speed 06/06/2008
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