Dashixiong closes multi-million-yuan Series A led by Zero2IPO Ventures

Dashixiong (Master Bear) has raised tens of millions of yuanin Series A financing round, led by Zero2IPO Ventures and joined by existing investor Lanhai Zhongli Capital. Sanjiangyuan Capital served as the financial advisor for the round of financing.

Dashixiong (Master Bear) has raised tens of millions of yuanin Series A financing round, led by Zero2IPO Ventures and joined by existing investor Lanhai Zhongli Capital. Sanjiangyuan Capital served as the financial advisor for the round of financing.

Chen Yongqing, the founder of Dashixiong, said, “This round of financing will mainly be used for market development, system function improvement and supply chain platform construction.”

Dashixiong is a SaaS community group purchase system. It focuses on the community group purchase channels and deepen the business format, helping companies to efficiently manage people, money, and goods, so that companies can easily and inexpensively create exclusive platforms for community group purchase.

Its founding team is composed of senior technical backbones from Tencent and Huawei, executives of listed media companies and senior experts in the field of social e-commerce. The team has rich Internet experience and tremendous operating capabilities in the social e-commerce sector.

Dashixiong currently serves nearly 1,000 companies, covering more than 500,000 heads of buying groups and 30 million end consumers. Chen Yongqing said, “our overall revenue continues to grow. The company has been in a profitable state and has abundant cash flow. It is expected that the GMV will exceed 5 billion yuan in 2020.”

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/04/dashixiong-closes-multi-million-yuan-series-a-led-by-zero2ipo-ventures/.

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