On July 17, Zhibaiwei, a developer of software for merchant operations, announced that it has raised tens of millions of yuan in an exclusive strategic financing from RYK Capital Partners.
On July 17, Zhibaiwei, or Bw8848.com, a developer of software for merchant operations, announced that it has raised tens of millions of yuan in an exclusive strategic financing from RYK Capital Partners.
According to Pang Xiaobing, founder of Zhibaiwei, proceeds from this round of financing will be mainly used to further increase investment in research and development in basic technology innovation, mobile payment and core product capability upgrade, etc., to tap into the full scenario applicationsof intelligent marketing service.
Zhibaiwei is a developer of SaaS enterprise management software intended for the retail and catering industry.
The company’s SaaS enterprise resource planning software provides retailers with a one stop platform to provide clients with comprehensive solutions ranging from management consulting, mobile payment, equipment procurement, system integration to technical services.
As of 2019, the company has served nearly 300,000 merchants nationwide, covering retail, restaurants, clothing, pharmaceuticals, fresh food, among others.