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

Written by Song Jingli Published on 

It’s hot sector for investors.

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


You might like these

  • News

    Cold-chain logistics firm Xianshenghuo raises USD 92.5 million in Series A


    Song Jingli

    19 Jan 2021    05:24 AM

KrASIA InsightsKrASIA Insights

  • Chinese entertainment firms are betting on the booming trend, but will virtual shows remain a thing after the pandemic?


    Virtual concerts to break through to the mainstream, or just a passing fad?

    By Wency Chen

    16 Jan 202101:05 AM

Most PopularMost Popular

See All