# Fujian Zongteng Network Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fujian-zongteng-network-co

- Industry: Software
- Headquarters: Fuzhou, China
- Website: www.zongteng.com.cn
- Total disclosed funding: $175M
- Latest round: Series C (Jul 6, 2020)
- Investors on record: 10

## About

Fujian Zongteng Network Co., Ltd. is a global provider of cross-border e-commerce infrastructure services, focusing on integrated logistics solutions to enhance operational efficiency for various e-commerce platforms.Founded in 2009 in Fuzhou, China, Fujian Zongteng Network Co., Ltd. specializes in cross-border logistics services. The company has raised a total of CNY 500.00 mn through funding rounds, with the latest being a Series C round in August 2021, led by Taikang Life Insurance, which also included investors like Xiamen C&D Group and Zheshang Group. Their operational strategy has remained consistent, focusing on logistics and warehousing for e-commerce operations.The company offers comprehensive global logistics solutions tailored for cross-border e-commerce, including overseas warehousing, specialized transportation lines, and expedited shipping services. Their clientele spans e-commerce platforms, international brands, manufacturers, and logistics collaborators, with operations across Europe (27 countries), North America, South America, Japan, South Korea, Australia, Southeast Asia, South Africa, and the Middle East, facilitating an efficient supply chain for their customers.Fujian Zongteng Network Co., Ltd. generates revenue through a structured model encompassing international freight forwarding, overseas warehousing, and customs clearance services. Clients, including retailers and e-commerce brands, leverage these offerings for efficient operations, particularly through the company's overseas warehouse service, which enables rapid dispatch capabilities. Specific pricing details are not disclosed, but plans are flexible to accommodate various operational scales.In August 2021, Fujian Zongteng Network Co., Ltd. secured strategic investment from ByteDance Venture Fund, the financial terms of which are undisclosed. The company aims to further enhance its logistics services and expand its market reach into additional geographic regions, although specific markets are not detailed. The recent funding is anticipated to support these initiatives, aiding in the development of new products and expanding their operational capabilities.

## Funding rounds

- Series C, Jul 6, 2020, $71M — Xiamen C&D Group, Taikang Life Insurance, Zheshang Group
- Series B, Jun 29, 2019 — Zhaoyin Equity Investment Fund Management, Yiwu China Commodity City Financial Holding
- Series B, Mar 6, 2019, $104M — Cathay Capital, Eastern Bell Capital, GLP Capital Partners
- Series A, Mar 1, 2018 — Eastern Bell Capital, Fosun Capital
- Series A, Jul 12, 2016 — Zonglink Capital

## Investors

- Zonglink Capital (https://capitalatlas.ai/funds/zonglink-capital) — Series A
- Eastern Bell Capital — Series A, Series B
- Fosun Capital (https://capitalatlas.ai/funds/fosun-capital) — Series A
- Cathay Capital — Series B
- GLP Capital Partners (https://capitalatlas.ai/funds/glp-capital-partners) — Series B
- Zhaoyin Equity Investment Fund Management (https://capitalatlas.ai/funds/zhaoyin-equity-investment-fund-management) — Series B
- Yiwu China Commodity City Financial Holding — Series B
- Xiamen C&D Group — Series C
- Taikang Life Insurance — Series C
- Zheshang Group (https://capitalatlas.ai/funds/zheshang-group) — Series C