Diligence memo · auto-generated · as of July 2, 2026
AdChina Ltd.
AdChina Ltd. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
AdChina Ltd. operates in Business Services, based in SHANGHAI.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
AdChina Ltd. has raised $19M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $19M on 2009-06-19.
Most recent recorded round closed around 2009-06-19.
Valuation (modeled)modeled
Provath models AdChina Ltd. at approximately $420M (range $47M–$1.6B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.74× the median modeled value of Series B Business Services companies in 2007–2009 (5 peers) — value vs value, same stage and era. Within the normal band (74% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 17.0 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 89% of Business Services peers (2439 compared).
Modeled value ranks above 95% of those peers.
Closest niche peers: NCO Group, Inc., Global Employment Holdings, Inc., EBS Master LLC, My Dentist Holdings, L.L.C..
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.