Digitalization in Chinese construction industry is steadily growing
Dalezhuang (Chinese: 大乐装), a Chinese one-stop delivery platform for assembled buildings, has completed nearly CNY 100 million (USD 14.32 million) in Series B round of financing, led by VCPegasus (Chinese: 神骐资本), followed by Eastern Bell Capital (Chinese: 钟鼎资本) and others, with China Renaissance (Chinese: 华兴资本) as the exclusive financial advisor.
This round of funding will be mainly used for product development and market expansion.
Dalezhuang is a digital technology platform company for assembly construction, based on AI technology to reduce costs and improve efficiency for customers and suppliers. In recent years, Dalezhuang has proposed the "finished product e-commerce" trading model, which is a design-driven standardization to create a one-stop PaaS system for the industry, creating the "Amazon" of the assembly construction industry.
Dalezhuang's profit is generated from the sales of prefabricated components, collaboration factory enabling service fees, assembly design and software services. Customers include developers, general contractors, designers, and industry chain ecological partners. By 2022, Dalezhuang has completed signing nearly CNY 400 million in component delivery contracts and served more than 60 real estate projects.
Hui Liu, founder and CEO of Dalezhuang, said the company will continue to work to achieve industrial cost reduction and efficiency, and transform the handicraft industrial form into a new intelligent business form that is digital, standardized and industrialized.