Ronghai Network Completes CNY Tens of Millions of Pre-A Round of Financing

Technology Author: Yongqian Yang Jan 17, 2023 11:50 AM (GMT+8)

The logistics industry has entered the 3.0 era, from self-operating, franchising, to shared logistics.


Recently, Zhejiang Ronghai Network Technology Co., Ltd. (hereinafter referred to as "Ronghai Network") (Chinese: 浙江融海网络科技有限公司) announced that it has obtained CNY tens of millions of Pre-A round financing, led by Wanlu Capital (Chinese: 万漉资本), followed by the founding shareholders. The funds will be used for platform construction and market expansion. Among them, Henan, Hubei and Shaanxi will be the key development provinces in the next step. 

With the innovative development of technologies such as the Internet of Things (IoT), artificial intelligence (AI), and blockchain, as well as the diversified and personalized needs of customers, the logistics industry has entered a critical period of digital reform and will achieve rapid growth in the next 5 years.

Established in 2019, Ronghai Network is a digital logistics service provider that provides one-stop digital solutions for "door-to-door transportation" for B2B logistics.

According to Ronghai Network, the logistics industry has now entered the 3.0 era, that is, it has advanced from the past self-operated and franchised models to the shared logistics model. Based on this, Ronghai Network has extracted a series of standardized services and products from the complex and lengthy B2B logistics of the transaction chain, and built an intelligent and efficient logistics network platform for enterprises on the logistics chain.

After years of development, the platform has achieved 3 breakthroughs.

1. Comprehensive digital empowerment to realize the close loop of online transactions:

Whether it is order generation, processing or order tracking and completion, online transaction close loops can be realized on the Ronghai Network platform. These data will be further deposited on the platform to continuously optimize its performance. 

2. Improved transaction efficiency of B2B logistics:

Taking less-than-truckload cargo as an example, every time a third-party logistics company serving a factory completes a transaction, it needs to communicate multiple times with multiple business entities in the market, and the transaction efficiency is low. After using the Ronghai Network platform, third-party logistics and freight forwarding companies can quickly find suitable shipping capacity or partners on the platform, and "place an order with one click" on it.

3. Significant reduction in delivery costs:

Regional and structural mismatches and waste in the connection and scheduling of various resources still exist in B2B logistics, leaving a lot of room for efficiency and cost optimization. The Ronghai Network platform has effectively reorganized the organization and operation of less-than-truckload freight, and has initially realized a cost optimization of 15%-20% compared to the market price.