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Hispeed
Provider of delivery services intended to transport products from manufacturers to retailers
About Hispeed
Hispeed, operating under Hunan Huosuda Trading Technology Co., Ltd., is an O2O (online-to-offline) e-commerce service provider targeting community convenience stores. The company's core business revolves around creating a direct link between brand manufacturers and these small, local retailers. Hispeed provides a platform where community stores can access a curated selection of products and benefit from an expedited delivery service.
The business was established by founder Zhang Dingqiang and co-founder Li Deng. Their platform functions as a B2B marketplace specifically for the neighborhood retail sector. By aggregating demand from numerous small stores, Hispeed facilitates bulk purchasing and streamlines the supply chain. This model allows independent shops to procure inventory efficiently and ensures manufacturers can reach a fragmented but substantial market segment.
Hispeed's value proposition lies in its dual-focused service. For the community stores, it offers the convenience of sourcing a variety of goods through a single channel and guarantees quick fulfillment, which is critical for maintaining optimal inventory levels. For manufacturers, it provides a direct distribution channel to a traditionally hard-to-reach network of last-mile retailers, bypassing intermediary wholesale layers. Revenue is likely generated through margins on the products sold, service fees charged to the stores or manufacturers, or a combination of both within its ecosystem.
Source: Dealroom company dataAt a glance
- Founded
- 2016
- Headquarters
- Xiangtan, China
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