Liexin received nearly US$100 million from JD Industrial Products and completed Series C financing!

as chinaElectronic componentsLiexin.com, one of the largest trading platforms, will join hands with JD Industrial Products to create a more comprehensive digital and intelligent supply chain and intelligence for the electronics industry.manufacturesystem.

In recent years, with the emergence of new technologies and new products such as new infrastructure, artificial intelligence, Internet of Things, consumer electronics, medical electronics, and electric vehicles, the electronic components industry that makes up the "cells" of smart devices has experienced sustained high growth. China is the world's largest consumer of electronic components, accounting for more than 50% of total global purchases. Such "timing" and "geographical advantages" have jointly paved the long "runway" for China's electronic components industry.

Chang Jiang, chairman of Liexin, said that compared with other B2B fields, because electronic components are affected by both supply and demand, production capacity and price fluctuate frequently. At the same time, the characteristics of electronic components determine that products require higher professionalism in sales, technology, logistics and other aspects. Distributors often need to have more comprehensive product and technical service capabilities or overall solution capabilities. Distributors have quite complex and professional value in the industry chain. However, China's electronic component distribution has long been relatively traditional, and the "more, faster, more economical" e-commerce model is the demand of the new era and the future development trend. As the iteration speed of intelligent terminals accelerates and demand diversifies, the existing supply chain system is obviously unable to meet the procurement end's requirements for agility, flexibility, and high efficiency. It has become a consensus to digitally and intelligently transform the electronic supply chain.

Since its establishment in July 2015, Liexin has started from the procurement pain points of spot transactions of small and medium-sized enterprises, quickly gathered a large number of upstream SKUs through the joint venture model, and provided customers with one-stop component e-commerce services, greatly improving procurement efficiency. It has been recognized by many component manufacturers, domestic and foreign agents, spot dealers and customers around the world, and has received investment from many well-known investment institutions such as JD.com, Matrix Partners, Haitong, Weiguang, Huano, and Mandarin. Chang Jiang said that Liexin will not be limited to simple e-commerce in the future, but will continue to build high barriers through technology to create the most trustworthy electronic supply chain technology and service provider.

It is worth noting that Liexin’s current round of financing is mainly used to strengthen business integration with JD Industrial Products, integrate superior resources through strategic collaborative technology innovation, build electronic supply chain cloud infrastructure, and jointly provide more valuable long-chain services to electronic industry customers. Kinghelm brand of Golden Navigation CompanyBeidou GPS antenna/Connectors/Ceramic Antennas/Communication Antennas/Board Terminals, etc. Nearly 500 SKUs are waiting on Liexin.comwww.ichunt.comBig seller, Sacco micro slkor (www.slkormicro.com)’s igbt, sic mos tube and other products are selling well. Bring a lot of end customers! The monthly performance is growing very fast!