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Prcsteel.com
Gtxh is a Changsha city, Hunan Province-based Chinese online steel trading platform
About Prcsteel.com
Prcsteel.com, operated by Zhejiang Gangwei Network Technology Co., Ltd., is a B2B trading platform focused on the steel industry. The company was established in August 2006, initially named "China Steel Spot Network," and officially rebranded to Prcsteel.com (Gangweiwang) on April 24, 2015. It is headquartered in Hangzhou, China. The platform functions as a third-party e-commerce service for the entire steel industry chain, aiming to build a comprehensive service ecosystem for steel mills, steel traders, and end-users.
The business provides an online marketplace for steel trading, alongside a suite of digital tools to facilitate commerce. These include a steel supermarket, an e-commerce communication tool named "Steel Wangwang," and a mobile application called "Palm Steel Market." The platform's objective is to connect the various players within the steel supply chain, streamlining the procurement and sales processes through its digital infrastructure. The company's business scope includes computer network technology, e-commerce technology development, and the import and export of goods and technology.
In 2017, the company initiated legal proceedings against its former CEO, Zhang Junzhen, who served from July 2014 to November 2016, for alleged embezzlement and dereliction of duty. The company's registered capital is 11,250,000 RMB. Shareholders listed include Zhang Junzhen and Zhengzhou Runfengyuan Real Estate Co., Ltd.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Jul 2014 | $10M | $40M | BAI Capital | — |
Growth signals
Latest recorded traffic for Prcsteel.com is 160 monthly website visits, down 50% over the last three months. Prcsteel.com's team grew 0% over the past year.
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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
BAI Capital
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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