Sunyur

About Sunyur

Shanghai Sunyur Network Technology Co., Ltd., operating as Sunyur, provides digital procurement management solutions for large and medium-sized enterprises. The company was established on June 5, 2017, and originated from a team incubated within HAND Enterprise Solutions, a major IT consulting firm in China. This background provided the foundational team with extensive experience in enterprise procurement consulting and services before Sunyur's formal inception. The company is led by Wang Pei as Chairman and Yao Yiming as President.

Sunyur's core business revolves around a one-stop digital procurement platform that streamlines and automates the entire procurement lifecycle. The company's business model is primarily Software-as-a-Service (SaaS), with over 90% of its clients opting for this deployment model. It serves a diverse client base across more than 30 industries, including manufacturing, internet services, and retail, with over 1,000 corporate clients such as China Railway Construction Corporation (CRCC), New Hope Group, and Bright Dairy. Revenue is generated through subscriptions to its platform, which helps clients manage both production and non-production material procurement, aiming to enhance efficiency and reduce costs.

The platform is designed as an integrated suite of modules. Key offerings include supplier relationship management (SRM), strategic sourcing, agile supply chain collaboration, and a procurement mall. These modules cover the full spectrum from supplier discovery and onboarding to order processing, logistics tracking, and financial settlement. A distinguishing feature is its capability to integrate with a client's existing internal systems like ERP, OA, and HR. The platform also incorporates an enterprise application store, which integrates third-party services for functions like credit checks, electronic signatures, and big data analytics. Recently, Sunyur launched "Zhen-Cloud Instant 3.0" and "Zhen-Cloud Insight," which leverage AIGC and NLP technologies to improve interaction, data analysis, and risk pre-warning within the procurement process.

Financially, Sunyur has demonstrated significant growth, backed by several successful funding rounds. In September 2018, it secured a 150 million RMB Series A round from investors including JD.com and HAND. This was followed by a 300 million RMB Series B in November 2020 and a substantial 6.5 billion RMB Series C in November 2021, with participants like Meituan Longzhu and Blue Lake Capital. These funds are being used to enhance R&D and support a global expansion strategy, moving from passively serving overseas clients to actively establishing a presence in markets like Japan.