Santouliubi Auto Parts nets nearly RMB400m in Series B round

China auto parts chain supply chain platform Santouliubi Auto Parts (three heads and six arms) announced the completion of nearly 400 million yuan in a Series B round of financing.
This round was led by Huaxing Growth Capital, with participation from Xianghe Capital and existing investor Oriza FOFs. Chongying Capital served as the sole financial advisor for this round.

China auto parts chain supply chain platform Santouliubi Auto Parts (three heads and six arms) announced the completion of nearly 400 million yuan in a Series B round of financing.

This round was led by Huaxing Growth Capital, with participation from Xianghe Capital and existing investor Oriza FOFs. Chongying Capital served as the sole financial advisor for this round.

Proceeds will be mainly used for the development of the company’s second-class wearing parts, pre-positioning and data upgrade.

Established in August 2015, Santouliubi Auto Parts has become a top-tier supply chain platform for auto parts and wearing parts. By integrating the upstream and downstream resources of the industry, the company has created a B2B platform for auto parts supply chains based on wearing parts.

In the upstream of the channel, Santouliubi rigorously selects the world’s top-quality auto parts supply chain OEM to simplify the transaction level; in the downstream, it creates a community-based service model, serving more than hundreds of thousands of various types of enterprises through more than 2,200 franchised stores covering automobile after-sales and maintenance enterprises.

The company has presence in China’s 31 provinces and administrative regions except Taiwan, Hong Kong and Macau.

It is worth noting that the company attaches great importance to improving industrial efficiency through information technology, and have 16 intelligent business systems such as self-developed supply chain systems, ERP systems, service provider systems, quick repair insurance systems and others.

The company is committed to realizing user-centric online products, online transactions, and intelligent management through Internet technology.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/12/santouliubi-auto-parts-nets-nearly-rmb400m-in-series-b-round/.

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