Yungongchang closes RMB100m Series B round

Yungongchang.com, an Internet platform for the manufacturing industry, recently completed a 100 million yuan Series B round of financing led by Echo Capital.

Yungongchang.com, an Internet platform for the manufacturing industry, recently completed a 100 million yuan Series B round of financing led by Echo Capital.

Proceeds from this round of financing will be mainly used for R&D investment and market promotion.

Prior to this round, Yungongchang had received investments from CAS Star, Yingfu Capital and Foxconn.

Yungongchangprimarily involves in creating an industrial digital platform for the manufacturing industry, with a focus on electronic assembly and structural components. The company’s platform connects buying clients with manufacturing plants.

Yungongchang’s product form is a manufacturing collaboration SaaS system, which is highly versatile and can be deployed within a few days for clients.

Currently, the platform has accumulated hundreds of thousands of purchaser clients and nearly 10,000 manufacturing plants, fulfilling thousands of manufacturing orders every day.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/07/yungongchang-closes-rmb100m-series-b-round/.

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