Yijiupi obtains D4 round of special funding

The B2B platform Yijiupi announced that it has won the additional D4 round of special financing from Meituan Dragon Ball Capital, logistics asset management giant GLP and existing shareholder Source Code Capital. Not long ago, the company received a D+ round of financing from Warburg Pincus.

The B2B platform Yijiupi announced that it has won the additional D4 round of special financing from Meituan Dragon Ball Capital, logistics asset management giant GLP and existing shareholder Source Code Capital. Not long ago, the company received a D+ round of financing from Warburg Pincus.

In addition, Yijiupi announced the strategic merger with Zskuaixiao, which is a leading B2B company in FMCG sector of South China. After the merger, the company will hold 100% of the shares of Zskuaixiao.

Established in 2014, Yijiupi started as a B2B ecommerce platform of alcoholic beverages, and quickly developed into an national internet platform for fast-moving consumer goods that is empowering the entire industrial chain with full-category. As of 2019, Yijiupi has operations in 138 cities and more than 500 counties across the country, covering 800,000 stores, and achieved GMV of 20 billion yuan in the year. The actual warehouse shipments rank among the leading positions in the industry.

Focusing on supply chains, Yijiupi has developed services like warehousing and logistics platforms, franchising chain management, supply chain financial services, and distribution and other businesses.

Zskuaixiao started in August 2016. It is the largest B2B company in FMCG sector of South China. It operates in 13 cities and 30 counties in Guangdong and Fujian provinces and serves 100,000 stores.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/05/yijiupi-obtains-d4-round-of-special-funding/.

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