What is AiTaoCity? AiTaoCity Review

Revenue

Aitaocheng's revenue in 2013 was 57.3495 million yuan and its net profit was -7.8263 million yuan.

In 2014, the revenue was 122 million yuan and the net profit was 8.4602 million yuan respectively.

Revenue in 2015 was 160 million yuan.

In 2016, AiTaoCheng's e-commerce revenue exceeded RMB 300 million, up 82.77% from RMB 164 million in the same period last year. The gross profit margin was 52.82%, and the net profit attributable to AiTaoCheng's shareholders was RMB 9.3 million.

Aitaocheng disclosed its 2017 semi-annual report. From January to June 2017, Aitaocheng achieved a total operating income of 126.5 million yuan, an increase of 6.5% over the same period last year.

Development History

In July 2010, ATC was established and entered eBay. Overseas warehouses in the UK, US and Germany were put into use, becoming the sales champion in the Asia-Pacific region of eBay; Shenzhen Langxin Trading Co., Ltd. was established.

In 2011, we entered Amazon, activated SAP ERP, registered our first private brand, and started external services from overseas warehouses.

In 2012, the sales volume reached 1 million USD/month, and the company was ranked among the top 10 sellers in eBay Greater China. Overseas warehouses in Japan, Australia and Canada were opened and the company was invited to provide product supply link services and overseas warehouse services. The company was renamed Shenzhen Aitaocheng Network Technology Co., Ltd.

In 2013, the American warehouse reached 10,000 square meters and a transit warehouse was established. BBC News reported that ATC became the global overseas market for ZTE mobile phones.

In 2014, it was recognized as a national and Shenzhen high-tech enterprise.

In 2015, the New Third Board was launched and the company officially underwent a share reform and changed its name to Shenzhen Aitaocheng Network Technology Co., Ltd. In the same year, it obtained approval from capital parties and started and completed its A round of financing.

In 2016, Aiyou.com, in cooperation with Shenzhen Post, was officially launched in January and started and completed its A+ round of financing in the same year.

On November 15, 2016, it was officially listed on the New Third Board.

Financing

On February 10, 2016, undisclosed investors invested RMB 27.5 million in Shenzhen Aitaocheng Network Technology Co., Ltd.

On April 13, 2017, Hunan Honggao High-Tech Service Venture Capital Co., Ltd. invested RMB 10 million in Shenzhen Aitaocheng Network Technology Co., Ltd.

Listing and Delisting

Aitaocheng established a listing team in April 2014 to prepare for the listing on the New Third Board and to conduct a comprehensive review and standardization of the company's business, finance, and management.

On July 20, 2015, the company completed its transformation into a joint-stock company.

On July 29, 2016, the listing materials were submitted.

On November 15, 2016, it was officially listed on the New Third Board.

As Aitaocheng failed to disclose its 2017 annual report within the prescribed time, in accordance with Article 4.5.1, Item 3 of the "National Equities Exchange and Quotations Business Rules (Trial)", the National Equities Exchange and Quotations Co., Ltd. decided to terminate the listing of its shares from August 24, 2018.

Acquisitions

On April 17, 2017, Shandong Xinhuajin International Co., Ltd. issued the "Announcement of Shandong Xinhuajin International Co., Ltd. on the Signing of a Major Asset Restructuring Framework Agreement", stating that it would acquire Aitaocheng.

In May 2017, Shandong Xinhuajin International Co., Ltd. (hereinafter referred to as Xinhuajin) issued an announcement stating that due to the large differences in the valuation of the target assets between the two parties and the difficulty in reaching a consensus, Xinhuajin terminated the restructuring cooperation with Aitaocheng.

collapse

According to reliable sources, in mid-to-late 2018, Aitao City was deserted.

References

• 1. AiTaoCheng disclosed its 2016 financial report: operating income exceeded 300 million yuan, and net profit declined significantly: Sohu