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(Yicai Global) March 8 -- Glass supply-chain service platform AtJubo.com raised nearly CNY100 million (USD16 Million) in its first financing round, with proceeds to go to recruitment, expanding its network to over 80,000 outlets, and developing technology in a bid to replicate its business model outside China to break into Southeast Asian and African markets.
AtJubo.com is a business-to-business-to-business e-commerce platform. It operates in all links from glass factories to processing plants and brokers deals in the link from processing plants to curtain wall, door and window makers, to contractors.
AtJubo.com also provides logistical and financial services. Using third-party transport vehicles, its logistics service has operating centers in eight locations across China that deliver goods within 10 kilometers.
Jubodai, the company's lending service, works with banks to secure credit for smaller firms to buy glass.