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YESMRO.cn, an e-commerce platform for commercial merchandise, just lately finished a C-round of financing value a number of million yuan. This around used to be led by way of Anchor Fairness Companions, adopted by way of Large River Capital, Gaorong Capital, Qiming Undertaking Companions, Shunwei Capital, Matrix Companions and Gan Jiawei.
Since its established order, YESMRO.cn has been dedicated to offering long-tail spot provide chain services and products for a lot of small enterprises. The corporate has impulsively penetrated and expanded into the Yangtze River Delta area whilst keeping up an annualized enlargement of greater than 200% in gross sales. Additional, the corporate has just about doubled its gross benefit margin previously six months.
The manufacturing procedure of commercial automation is extremely custom designed with the goods which are extremely non-standardized. Each the upstream portions and downstream shoppers are extremely decentralized and manufacturing is incessantly unplanned. The cycle from the manufacturing facility receipt of an order to a supply is brief, and the procurement cycle is incessantly compressed to mere weeks.
After a number of years of development, YESMRO.cn has established a quick turnover stocking gadget in response to knowledge and algorithms. With a inventory turnover price 5-10 occasions upper than the business, it has completed 1.1 million to be had Inventory Protecting Devices (SKU), 80% spot price and 95% on-time supply price, growing a greater buying revel in for patrons.
The corporate has additionally persevered to make breakthroughs within the upstream portion of the manufacturing chain by way of development its personal mechanical portions processing plant and demarcating each and every of its trade pursuits into separate manufacturers.
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Zhu Hongtao, CEO of YESMRO.cn, realizes the alternatives the corporate has in entrance of itself, announcing: “We are hoping to give you the chance to supply higher retail services and products of commercial merchandise for small enterprises, which accounts for 90% of China’s production business. We additionally hope to supply a lot of service-conscious upstream providers with virtual channels and success features for small companies, and paintings in combination to make it more straightforward, less expensive and extra handy for small enterprises to shop for commercial merchandise.”