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Good Work Products
Digital platform for industrial component procurement services
About Good Work Products
Good Work Products, legally known as Hangzhou Yougood Tech Co., Ltd. (杭州优工品科技有限公司), is a technology-driven digital internet enterprise focused on the industrial components sector. The company was established on December 18, 2016, with Lin Zhenfeng as its legal representative. It operates the website 51hgp.com, which serves as a B2B platform for industrial supplies.
The company's core business model combines industrial big data, a SaaS system, and a trading platform. This integrated approach aims to digitize the entire industrial supply chain, from raw materials to the final end-use of products. By employing big data technology, the company has built a foundational digital database for industrial products, enabling full lifecycle visibility and traceability. Good Work Products serves various industrial clients by providing a streamlined procurement process and connecting them with a nationwide network of regional traders and manufacturing facilities through its Industrial Cloud Chain SaaS system.
The firm has achieved significant financial milestones, including a Series A funding round on July 30, 2018, where it raised $110 million from investor Eastern Bell Capital. This followed an earlier Series A round of $15 million in March 2018 from investors DHVC and Eastern Bell Capital.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Jul 2018 | $15M | $61M | Eastern Bell Venture Capital | — |
| SERIES AEquity / VC | Mar 2018 | $15M | $60M | Undisclosed | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Good Work Products is 1.1K monthly website visits, up 93% over the last three months. Good Work Products's team grew 0% over the past year.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Eastern Bell Venture Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Good Work Products on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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