CMC Capital completes the capital increase in Leqee, becomes company’s largest shareholder

CMC Capital announced that it has completed the capital increase in Leqee, a industry-leading e-commerce service provider, and became its single largest shareholder. CMC Capital’s founding partner Mr. Li Ruigang becomes the company’s chairman and Mr. Yan Chang will take up the post of the company’s new CEO.

CMC Capital announced that it has completed the capital increase in Leqee, a industry-leading e-commerce service provider, and became its single largest shareholder. CMC Capital’s founding partner Mr. Li Ruigang becomes the company’s chairman and Mr. Yan Chang will take up the post of the company’s new CEO.

As one of Leqee’s major institutional investors, CMC Capital led the Series B round of financing of the company in June 2018, and provided support to Leqee in terms of strategy, industrial environment, and company operations.

This additional capital increase for Leqee shows that, on the one hand, CMC Capital is optimistic about the sustainable development potential of the branded e-commerce service industry in the ever-changing environment, and on the other hand, it highly recognizes Leqee’s professional service capabilities and the value of the company’s platform.

Established in 2009, Leqee is a provider of e-commerce services designed to offer integrated, efficient and sophisticated e-commerce operations.

The company’s services include channel distribution and integrated logistics to deliver brand value on e-commerce platforms, enabling businesses to turn their investments into high returns. Currently, Leqee has set up subsidiaries in Beijing, Shanghai, Hangzhou, Guangzhou, Hong Kong, Japan and South Korea.

In the past 10 years, Leqee has provided industry-leading e-commerce operation services for many well-known domestic and foreign brands, and established in-depth partnership with many Fortune 500 companies and renowned Chinese enterprises.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/26/cmc-capital-completes-the-capital-increase-in-leqee-becomes-companys-largest-shareholder/.

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