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B2B Electronic Components E-commerce Platform Allchips Lands Pre-A Funding

Allchips.com, 7/31/17

Shenzhen-based Qianhai Yingzhicheng Information Technology, operator of B2B electronic components e-commerce platform Allchips.com, recently completed RMB 8-digit pre-Series A funding led by Lanhai Zhongli Capital Management. The funding will be used for smart system upgrades, data standardization, and other areas such as supply chain services, channels, marketing, and operations.

Allchips.com is a B2B components trading platform that provides small and medium electronics manufacturers with transparent online component trading, risk management, and bill of materials (BOM) management services. At the end of March, Allchips.com also launched its Software as a Service BOM system with a database of over 60 mln products. Using this system, customers can upload a BOM and have access to one-click price comparison and purchasing features.

Monthly gross merchandise volume for Allchips.com's self-operated and third-party business is RMB 50 mln, 20% of which is from its self-operated business.

Yingzhicheng in June last year received RMB 5 mln angel funding from Ruiding Asset Management.

Keywords: Yingzhicheng Allchips VC Zhongli Capital B2B electronics Internet component funding Software as a Service angel funding e-commerce

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