Supply Chain Service Provider PANEX Completed Multi-Million Series B Financing

Industrials Author: EqualOcean News, Xiaoran Zhang Apr 17, 2024 02:40 PM (GMT+8)

PANEX, a leading integrated supply chain service provider, focuses on assisting domestic enterprises in efficiently expanding into global markets with high-value-added products.

Logistics / freight

In recent news, PANEX, a global leader in integrated supply chain services, announced the completion of a multi-million dollar Series B financing led by Shunwei Capital. This financing will be utilized to strengthen the construction of overseas warehouses and expand distribution networks, facilitating the more efficient global expansion of high-value-added Chinese products.

PANEX is dedicated to providing customers with comprehensive logistics and supply chain services, building a complete cross-border trade service system around three core business segments: import and export cross-border logistics, overseas warehousing and distribution, and value-added services, as well as cross-border supply chain circulation services. The company focuses on cross-border logistics and supply chain services for high-value-added large-size product categories. These high-value-added large-size product categories, characterized by high value, high barriers, and non-standard commodities, demand high requirements for cross-border supply chain and overseas localization comprehensive services. From a market perspective, the current surge in overseas expansion in industries such as photovoltaics, energy storage, and new energy vehicles in China urgently requires professional cross-border integrated service providers that can provide end-to-end integrated supply chain services. It is against this backdrop that PANEX has achieved rapid business growth. Currently, PANEX has established over 80 overseas warehouses, with a total area exceeding 5.5 million square feet, covering multiple regions including North America, Europe, Australia, Southeast Asia, and South America, making it one of China's largest self-operated overseas warehouse operators.

PANEX's founder and chairman, Liu Bo, stated, "Following the completion of this financing, Fanding will further upgrade its overseas warehouse intelligent system, expand its overseas professional marketing team, collaborate with high-quality industrial customers for international expansion, and, concurrently, consolidate its presence in developed country markets while increasing its global layout in emerging markets such as Southeast Asia, South America, and the Middle East. We aim to enrich the group's service product portfolio and strive to become a globally leading integrated supply chain service provider."

Today, with its supply chain capabilities and strategic vision, PANEX is emerging as a leader in global integrated supply chain services and will continue to address market demands to create greater convenience for customers and facilitate the overseas expansion of Chinese enterprises.