E-Storage Operator Yidaichu Technology Lands USD32 Million in Round B
Tang Shihua
DATE:  Mar 01 2018
/ SOURCE:  Yicai
E-Storage Operator Yidaichu Technology Lands USD32 Million in Round B E-Storage Operator Yidaichu Technology Lands USD32 Million in Round B

(Yicai Global) March 1 -- Beijing Yidaichu Technology Co., which provides storage services to small and mid-sized e-commerce operators, announced the success of its round B financing today, with CNY200 million (USD32 million) raised. This sum will mainly go to its team building, business development and the construction of its internet platform, online media 36kr.com reported.

Strategic investor GLP led this funding round, followed by Guangdong Deppon Logistics Co. Yidaichu Technology supplies customized distributed storage services for small and mid-sized e-commerce companies. Under a model combining platform and services, the firm integrates dispersed storage resources through its business models of self-operated warehouses, contracted management, and coordination between traditional storage service suppliers and order givers.

The company's platform Yidaichu.com mainly offers standardized transformation and operation services to upstream clients' warehouses, and software-as-a-service (SaaS) system to downstream clients to improve their efficiency. This shortens the time spent searching for suitable storage facilities to seven days from 30 days and offers more flexible leasing solutions.

The company runs 18 storage service outlets oriented to small and mid-sized e-commerce companies nationwide, with the area under its management encompassing two million square meters, said Liu Tao, Yidaichu.com founder and chief executive. Its turnover has quintupled from the completion of its round A financing.

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Keywords:   FINANCING,E-COMMERCE,Storage Service,Yidaichu.com