# Suzhou Gongpinhui Information Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/suzhou-gongpinhui-information-technology-co

- Industry: Electronics
- Headquarters: Suzhou, China
- Website: www.vipmro.com
- Total disclosed funding: $64M
- Latest round: Series B (May 8, 2018)
- Investors on record: 10

## About

Suzhou Gongpinhui Information Technology Co., Ltd. specializes in providing innovative technology solutions that enhance operational efficiency and safety for industries such as manufacturing and logistics.Founded in 2007, Suzhou Gongpinhui Information Technology Co., Ltd. is based in Suzhou, China. The company focuses on developing advanced technological solutions tailored to meet the needs of a diverse clientele. On August 12, 2020, JD.com acquired the company, although the financial terms were not disclosed. The company has successfully completed 7 deals and raised a total of CNY 200.000 mn through a Series B funding round led by Bull Capital Partners, JD.com, Puhua Capital, Welight Capital, and Yunqi Partners.Suzhou Gongpinhui offers a range of proprietary technologies aimed at improving operational efficiency and safety for high-demand sectors like manufacturing and logistics. Its products cater to both large enterprises and small to medium-sized businesses, primarily in North America, Europe, and parts of Asia. The solutions are designed to optimize processes, enhance productivity, and ensure compliance with industry standards.The company's revenue model is based on direct sales and strategic partnerships, emphasizing business-to-business interactions. Its flagship products are marketed to retailers and commercial clients who incorporate these technologies into their operations. Pricing strategies reflect the value of these products, often featuring tiered subscription options for ongoing support and service agreements that foster long-term customer relationships.Looking ahead, Suzhou Gongpinhui intends to launch new products specifically designed to address evolving industry challenges. The company is also planning to expand its market presence in Europe and North America by 2023. The recent funding will support these initiatives, allowing for further development of new technologies and enhancing market penetration.

## Funding rounds

- Series B, May 8, 2018, $31M — Bull Capital Partners, Yunqi Partners, Puhua Capital, JD.com, Welight Capital
- Series B, Oct 23, 2017, $17M — Yunqi Partners, Puhua Capital, Welight Capital, Ruiheng Capital
- Series A, May 1, 2017, $7.3M — Unity Ventures, Welight Capital
- Series A, Jul 27, 2016, $9M — SR Capital, Empower Investment, Raising Software
- Angel, Sep 1, 2015 — Empower Investment
- Angel, Dec 1, 2014 — SR Capital

## Investors

- SR Capital (https://capitalatlas.ai/funds/sr-capital) — Angel, Series A
- Empower Investment (https://capitalatlas.ai/funds/empower-investment) — Angel, Series A
- Raising Software — Series A
- Unity Ventures (https://capitalatlas.ai/funds/unity-ventures) — Series A
- Welight Capital (https://capitalatlas.ai/funds/welight-capital) — Series A, Series B
- Yunqi Partners (https://capitalatlas.ai/funds/yunqi-partners) — Series B
- Puhua Capital (https://capitalatlas.ai/funds/puhua-capital) — Series B
- Ruiheng Capital — Series B
- Bull Capital Partners (https://capitalatlas.ai/funds/bull-capital-partners) — Series B
- JD.com — Series B