Retail cloud service provider Wangdian received more than a hundred million yuan of investments
by Simon 2019-05-22
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To create the service ecology for “ERP+” integrated retail enterprises, Retail cloud service provider Wangdian received more than a hundred million yuan of investments from TPG-Softbank Fund. The fund will mainly be used to improve the service, expand human resources, and develop the products.


According to its official website, Wangdian was formed in Beijing in 2012. It has then developed  branches in 25 provinces and cities including Tianjin, Shanghai, Guangzhou, Hangzhou, and Yiwu. The company has nearly 1,000 employees, with its service covering the entire China while extending overseas. Based on the cloud computing SaaS model, the company helps the retail industry to complete digitalization, intelligentization, and management upgrade by providing systemized solutions.


With its innovations in technology, products, services, and markets, Wangdian achieved an annual customer growth rate of more than 100%. Its more than 100,000 customers include world top 500 like COFCO Group, Johnson & Johnson, 3M, Budweiser, Zhouheiya, MG Elephants, and WetCode, as well as listed companies, prominent brands, and top sellers. The year trade value of 2017 of Wangdian reached nearly a trillion.


(picture source: http://tupian.baike.com)