Qiming Supply Chain announced a series Pre-A funding round worth CNY tens of million which was led by Panda Capital to build a service platform of B2B.
Qiming Supply Chain (Chinese:祁铭供应链), a newborn company dedicated to nationwide supply chain service, received CNY tens of million from a Series Pre-A funding round recently.
This round of financing was led by Panda Capital, and the proceeds will go to system development, channel expansion and infrastructure investment.
Located in Shanghai and founded in 2016, Qiming Supply Chain is a nationwide supply chain service provider, serving consumer products, including spices, alcoholic and beverages, cleaning and beauty care, and leisure food.
At present, the business of Qiming Supply Chain mainly includes three sectors: logistics services (warehousing, transportation and services), distribution system construction (for brand owners, agents missing sales channels), and digital system (trading, management and finance).
Among all of them, logistics and distribution are Qiming's core business for charging, and the digital system is more served as a service carrier. The business can cover the full circulation of goods through these three services to connect the brand and agents.
Weihong Liang, the founding partner of Panda Capital, said that the domestic consumer product industry had shown extremely high efficiency in product iterative research and development. Furthermore, new brands are emerging, and sales scenarios are diversifying, which causes an increased demand for supply chain services.
“Brands want to connect to more channels, which can cover a wider geographical area, and deliver goods more efficiently, while traditional distributors and retail service providers are also facing an upgrading obstacle, which also needs the support of supply chain , operation of new channels, improvement of delivery efficiency and so on,” said Liang.