As a leading procurement supply chain industrial software and SaaS ecological platform, Qiqitong once again announced that it has obtained Pre-D round of financing within one year. The total financing amount for the whole year reached hundreds of millions of RMB. Start the preparations for the IPO. This round of investment is exclusively invested by Huaying Capital. Huaying Capital is the investor in the C2 round of financing of Qiqitong. It will continue to invest in this round and continue to be optimistic about the digital track of the procurement supply chain and Qiqitong. Huaying Capital is the first batch of sub-fund cooperative management institutions that have been selected as the National Small and Medium Enterprise Development Fund. It has been deeply involved in the industry for many years and has received the support of many institutional investors. All LPs are institutionalized, including national-level funds of funds, local guidance funds and marketization. Large fund of funds, large state-owned enterprises, banks, insurance, etc.
Qiqitong was established in 2014. Its founder and CEO Xu Hui is the former vice president of SAP China. The core management team comes from well-known software product companies and Internet companies such as SAP, Oracle, BAT, and Big Four Consulting.
Qiqitong has achieved a two-fold increase in sales performance for three consecutive years. Its product innovation continues to lead the industry, and it has a leading position on the track in terms of revenue scale and growth rate. This round of financing will continue to be used for market expansion, continuous iterative innovation of products, and IPO preparations to further consolidate the leading position of Qiqitong in the industry.
The national "14th Five-Year Plan" and the 2035 long-term goal outline mentioned that the industrial Internet will be regarded as a key industry in the digital economy to "promote the digital transformation of industries". In addition, compared with developed countries, China's software industry is not large enough, and has long relied on foreign countries for high-end software, especially in terms of software innovation, industrial software supply and intellectual property protection. Industrial software is also an important carrier to accelerate industrial transformation and upgrading, and the strategy of making China a powerful country through software has brought new development opportunities for my country's industrial software.
As a "new generation information technology industry" enterprise in line with the national strategic development, Qiqitong takes the procurement of supply chain industrial software as an entry point, and innovatively establishes a connection between enterprises and enterprises through the PaaS+SaaS+iPaaS third-party application market . The huge procurement supply chain SaaS ecological network among them, bilaterally empowers buyers and suppliers to realize the interconnection between enterprises.
On the purchasing side, Qiqitong not only has PaaS+SaaS products that serve large customers, but also is the first SaaS product that covers customers from the waist down (just open an account, no delivery is required). This year, it has also developed a set of innovative Products are extended to service procurement. These products can help purchasers effectively integrate supply chain resources, especially in planning, order, production scheduling, molds, manufacturing, inventory, etc., which can greatly help purchasers improve efficiency, increase supply chain speed and inventory turnover rate, and reduce supply chain total. Costs, reducing supply chain capital occupation, etc.
On the supplier side, Qiqitong can provide value-added SaaS services to suppliers, provide opportunities and financial support for millions of suppliers on the platform, and empower suppliers to grow and develop.
At the same time, Qiqitong has established a complete sales and delivery ecosystem, has opened up the channel interface of WeChat, Dingding, and Feishu, and has formed strategic cooperation with Tencent, Ali, and Kingdee.
Up to now, Qiqitong has served thousands of procurement customers, including many well-known Fortune 500 companies, covering intelligent manufacturing, automobiles and spare parts, new materials, consumer retail, biomedicine, petrochemicals, real estate, finance, hotels, education More than 30 subdivided industries, providing customers with one-stop procurement supply chain digital products of the whole industry, category and module. The platform has accumulated millions of suppliers, including many well-known B2B e-commerce platforms. A total of tens of trillions of transaction data have accumulated.
Xu Hui, founder and CEO of Qiqitong, said: This year, Qiqitong still achieved more than double the performance growth and continued to lead the track. Under this year's market background, I am very glad to see that Qiqitong can help our customers to stabilize and maintain the supply chain, improve efficiency and reduce costs, and even increase revenue. Qiqitong's intelligent procurement and supply chain system has high global standards. Not only many of China's top 500 companies, but also some of the world's top 500 companies have replaced the original exclusive customized software or foreign software. Based on the forward-looking and leading product system, the open ecosystem and the concept of bilateral empowerment, the company's management is confident that it will continue to maintain rapid growth and contribute to China's breakthrough from a supply chain power to a supply chain power.
Zhang Gaonan, managing partner of Huaying Capital, said: Although facing the huge uncertainty of the epidemic in 2022, Qiqitong is still growing steadily in the face of adversity, no matter in terms of completeness of product functions, number of customers and industry coverage. It has achieved significant growth and further consolidated its leading position in the field of enterprise supplier management services. At the same time, we have seen that the growth rate of corporate income has not slowed down and is still accelerating. I believe that with the further enrichment of product lines, Qiqitong will be able to better provide efficient digital procurement services for all walks of life and effectively help enterprises save money. Procurement costs, shorten the procurement cycle, thereby improving the operational efficiency of enterprises.