Image: Visual China
BEIJING, January 20 (TMTPOST) — Chinese e-commerce SaaS company Shoplazza announced on Thursday that it has completed its Series C1 round financing upon raising US$150 million.
Backed by new investors Chimera and Stepstone Group, as well as existing investors such as Sky9 Capital, Sequoia Capital China, Qianhai FOF and Beijing Pantheon Asset, the financing was led by SoftBank Vision Fund 2. 100Summit Partners served as the exclusive financial advisor in the financing.
Founded in 2017, Shoplazza specializes in e-commerce infrastructure and helping small and medium-sized e-commerce companies in China go overseas. The company mainly serves renowned enterprises, direct-to-consumer brands and independent cross-border e-commerce sites in China, North America and Latin America. The company is a top player in the industry in terms of vendors on its platform and transaction volume.
After the financing round, Shoplazza will continue to invest in R&D, talent recruitment and marketing. The company aims to increase core competitiveness in the global e-commerce infrastructure market and develop technological capacity in AI applications, e-commerce cloud applications and digital operation BI systems.
The company will also continue to work on expanding its application developer ecosystem and acquire more vendors in North America and Europe to tap into the global market.
“We will continue to operate as a client-centered business and serve our customers well. The company will work to help our clients increase their sales and create more value,” Shoplazza’s founder Li Junfeng said. “We will further open up our platform and allow our partners to provide diverse services for the customers through our platform.”
“Shoplazza has built up a comprehensive e-commerce SaaS technology system based on the ecosystem of independent sites. It provides convenient tools and an e-commerce management platform for vendors around the world to build their sites. The company has continued to help drive both online and offline global trade,” Chen Xun, partner at SoftBank Vision Fund said. “We think highly of Shoplazza’s products and services for their usability and inclusivity. We look forward to seeing the company develop technologies and achieve implementation in the cross-border e-commerce market.”
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