Younong Technology, a B2B supply chain platform, closes 2-million-yuan angel round

Younong Technology has completed an angel round of financing of 2 million yuan invested by individual investors. Proceeds from this round of investment will be used for platform upgrade, market expansion, team building, capacity center and brand marketing.

Younong Technology has completed an angel round of financing of 2 million yuan invested by individual investors. Proceeds from this round of investment will be used for platform upgrade, market expansion, team building, capacity center and brand marketing.

Liaoning Younong Technology is a B2B supply chain platform for independent poultry & egg businesses. It integrates the needs of downstream merchants and combines C2M model for upstream transformation, reducing circulation costs and improving the efficiency of upstream and downstream farmers in the industrial chain.

Younong Technology’s “e-chain farm” uses the Internet B2B model to adopt direct purchasing to ensure quality, in addition to integrating traditional transaction links to reduce purchaser costs.

Younong Technology’s B2B model empowers farmers to reduce their costs by 5%. At present, there are more than 3,000 cooperative merchants of Younong Technology, with a breeding volume of one million chickens, and the historical sales reached 41 million yuan.

After completing the latest financing round, Younong Technology plans to expand to the three provinces of northeastern China and major cities in the Beijing-Tianjin-Hebei area to continue to expand the market and integrate upstream and downstream production efficiency.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/29/younong-technology-a-b2b-supply-chain-platform-closes-2-million-yuan-angel-round/.

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