What is KKS? KKS Review

KKS is a cross-border e-commerce platform that focuses on the needs of higher quality life for families from the United States to China, covering many categories such as food, health products, mother and baby products, etc. KKS helps small and medium-sized enterprises directly connect with overseas brands and factories by building a new cross-border B2B import procurement platform, supports cross-border online procurement, and integrates various roles in the industrial chain to provide one-stop supporting services.

About KKS

KKS was founded in 2016 and is affiliated to Shanghai Kuaishen Information Technology Co., Ltd. (Lancheng E-Commerce (Shanghai) Co., Ltd.). The founder and CEO of KKS is Wang Ying.

According to data provided by the KKS team, the KKS platform was launched in the second half of 2017 and currently has thousands of small and medium-sized enterprise users. In terms of profit model, it cooperates with brands or factories and has reasonable pricing power for products (product price difference and value-added service fees). In the first half of 2018, the company's revenue exceeded 100 million yuan and it has achieved profitability.

Advantages

The advantages of KKS platform are "quick product search, quick quotation and economical purchase".

1. KKS can find goods quickly because it has built a supply chain database. Currently, the product database covers tens of thousands of best-selling products in mainstream supermarkets and stores in the United States, and each SKU contains hundreds of fields. Buyers can not only quickly lock in products, but also calculate logistics costs and make profit forecasts in advance based on the physical data of the products.

2. The ability to achieve "fast quotation" is to use technology to make the entire trade process online and standardize the negotiation process. Common questions in the negotiation process, such as price, quantity, purchase conditions, delivery location, etc., can all be queried online through the RFQ intelligent quotation system, breaking the differences between the two trading parties in space, time, language, culture, etc., and improving communication and procurement efficiency.

3. "Save on purchases" is because KKS has integrated the most original brands and manufacturers overseas, reducing the intermediate links of the past layers of distribution, and optimizing the purchasing conditions with suppliers, supporting small-amount purchases by box, and mixed-batch purchases. Currently, KKS has reached cooperation with thousands of factories and brands in the United States, and the purchasing categories cover maternal and child, beauty, personal care, food, home and other fast-moving consumer goods. Small and medium-sized enterprises can place orders directly with overseas suppliers through the KKS platform, supporting small-amount wholesale and large-volume inquiries.

Open User

KKS is clearly open only to B-side users, but there is no limit on type and scale. It can be large cross-border e-commerce platforms such as Tmall Global and NetEase Kaola, or small companies with only a few people, or even individual sellers. Based on flexible procurement rules and short, flat and fast procurement paths, KKS provides a fair trading environment for different types of small and medium-sized enterprises. In addition, the platform integrates high-quality supporting service providers such as overseas warehousing, international logistics, and domestic customs clearance. Buyers can choose supporting services based on actual needs.

Financing

In December 2016, KKS completed its angel round of financing with an amount of tens of millions of RMB, and the investors were Tsinghua Venture Capital and Zhengming Group.

In September 2018, the cross-border e-commerce procurement platform "KKS" announced the completion of a Pre-A round of financing of 10 million yuan, with an amount of 10 million yuan, jointly invested by WestSummit CAPItal and Yuansong Venture Capital.