E-commerce Service Provider Jet Commerce Harvests USD 60 Million in Series B

Technology Author: Guoyan Wu Aug 10, 2022 06:04 PM (GMT+8)

Jet Commerce aims to become a data-driven global company that provides one-stop e-commerce enabler services and solutions.


Jet Commerce, a one-stop e-commerce service provider, recently announced that it raised over USD 60 million in Series B financing round, jointly led by Jinqiu Capital (Chinese: 锦秋基金), Hidden Hill Capital (Chinese: 隐山资本), and Zhejiang SilkRoad Fund (Chinese: 浙江丝路基金). China Renaissance (Chinese: 华兴资本) served as the exclusive financial adviser.

The funds will be used to upgrade operational infrastructure, hire more local talents, strengthen its Multi-Channel Network operations, improve digital management and research and development of SaaS systems, and improve its professional brand incubation ability.

Founded in Indonesia in 2017, Jet Commerce has rapidly expanded its operations in Southeast Asia over the past five years. To further strengthen its regional business, in 2020, the company established its global headquarter in Hangzhou, China.

Thanks to its years of efforts within the industry, Jet Commerce has established close partnerships with e-commerce platforms such as Shopee, Lazada and TikTok, and is a dual-certified service provider of Shopee and Lazada.

At present, Jet Commerce can provide one-stop business solutions with brand e-commerce as the core of the whole chain, covering strategy consulting, store operation, integrated marketing, customer service and consumer management, warehousing and logistics, and technical support.

The company has over 1,000 employees in China, Indonesia, Vietnam, Thailand, Philippines, Malaysia, Singapore, and Brazil, with over 90% localized employees.

Its competitors include Morefood (Chinese: 猫诚), Netconcepts (Chinese: 耐特康赛), and NETOPS (Chinese: 网营科技).