Thursday, 2024 April 18

Industrial e-commerce site founded by former Alibaba employee raises USD 10 million

Shanghai-based BWCMall, an e-commerce site for maintenance, repair, and operations (MRO), closed its Series A round and raised USD 10 million, 36Kr reported. The identities of the investors have not been revealed.

BWCMall was founded in July 2015 by Yang Ning, the 28th employee of Alibaba. Yang, who currently serves as CEO of the company, said that his site hosts listings for more than 100 million goods from various suppliers. The new funds will be used to upgrade its platform and expand its business nationwide.

Enterprise-facing industrial e-commerce sites have been grabbing investors’ attention recently. Earlier this month, BWCMall competitor Yesmro closed its Series A round, bagging USD 10 million from investors led by Martrix Partners China.

Back in June, Zhenkunhang, which describes itself as a one-stop-shop for industrial products such as production and maintenance equipment, chemicals and raw materials, closed its Series D financing round, collecting USD 160 million from investors led by Tencent.

36Kr is KrASIA’s parent company

Jingli Song
Jingli Song
I believe Chinese innovation at various level needs to be known by the world.

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