Wangdiantong

About Wangdiantong

Wangdiantong, also known as Huice, was founded in 2012 by Bin Xiao and is headquartered in Beijing, China. The company operates as a Software-as-a-Service (SaaS) provider, delivering cloud-based Enterprise Resource Planning (ERP) solutions tailored for the e-commerce and retail industries. Its establishment was aimed at helping businesses transition from offline to online operations and upgrade their digital management capabilities.

The company's core offering is the Wangdiantong ERP system, a comprehensive software suite designed to streamline e-commerce operations. This platform integrates various management modules, including order processing, inventory and warehouse management, financial management, and after-sales service. Key features include the automatic capture and intelligent auditing of orders from multiple platforms, cross-platform inventory synchronization, and management of corporate affairs and logistics. The system is built to handle high volumes, with a peak capacity of processing millions of orders daily. Wangdiantong serves a diverse client base ranging from small and medium-sized enterprises to large corporations such as McDonald's, Johnson & Johnson, and 3M.

Wangdiantong's business model is centered on providing its software solutions through a subscription-based model. The company generates revenue by charging clients for access to its ERP platform and related services. It offers different versions of its product, including options for cross-border e-commerce, which supports all national customs channels for declarations and logistics. To support its clients, the company provides a range of services, including on-site implementation, 7x14 online support, and regular follow-ups. The company has demonstrated significant growth, backed by substantial venture capital funding. It has completed several funding rounds, including a Series A in 2019, a Series B in 2020, a $100 million Series C in December 2020 led by GIC, and a $312 million Series D in October 2021. Key investors include GIC, Legend Capital, SoftBank Vision Fund, and Hillhouse Capital.