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Founder

Gan Qingcao, born in 1982, is the founder, chairman and CEO of Shenzhen Jiazhilian Cross-border E-commerce Co., Ltd.

In 2004, Gan Qingcao, the founder of Jiazhilian, graduated from Peking University with a major in English and was admitted to a graduate program in English and American literature. By chance, he followed a foreign businessman to the United States to work as a translator.

In 2008, Gan Qingcao founded Jiazhilian, which mainly sells home furnishing, outdoor, 3C and other products on e-commerce platforms such as Amazon. Due to its early start, Jiazhilian achieved sales of over 100 million in less than four years, and was listed on the New Third Board in 2016 with a valuation of 1.5 billion.

Company formation

The predecessor of Shenzhen Jiazhilian Cross-border E-commerce Co., Ltd. was Xiamen Ouled Trading Co., Ltd., which was established in 2006. In 2008, the company moved its headquarters to Shenzhen and was renamed Shenzhen Jiazhilian Technology Co., Ltd.

Valuelink’s subsidiaries include Wuhan Valuelink E-Commerce Co., Ltd., Bailaohui Cross-border E-Commerce (Shenzhen) Co., Ltd., Shenzhen Jiangsheng Technology Co., Ltd., Shenzhen Ditas Information Technology Co., Ltd., Hong Kong Shared Dream Enterprise Limited (Hong Kong), Valuelink Datatech Limited (Hong Kong), AMZTracker.com limited (Seattle, USA) and other companies.

Basic Introduction

Pricechain takes foreign trade B2C e-commerce as its core business. Currently, it mainly sells 3C electronic products to the United States, Canada, the United Kingdom, Germany, France, Italy, Spain, Japan and other countries through platforms such as Amazon, eBay, and AliExpress, using overseas warehousing and logistics methods. In terms of industry layout, Pricechain continues to expand its e-commerce service business field and provide an ecological service platform for cross-border e-commerce with integrated services such as marketing software, payment, logistics, and training.

Main Business

Brand e-commerce segment: operates own-brand products through platforms such as Amazon, and sells products globally through a boutique and branded product operation route; products mainly cover multiple categories such as 3C electronic products, household daily necessities, beauty and physiotherapy products, automotive peripheral products and other products; the company's own-brand product popularity is showing a rapid upward trend, and some products have become online brands with a certain influence in major developed countries in Europe and the United States.

E-commerce software segment: Providing e-commerce marketing services and management software such as Amztracker and Global Transaction Assistant to global e-commerce sellers. It has served nearly 50,000 paid e-commerce stores and more than 100,000 free merchants in more than 100 countries around the world.

E-commerce community section: Utilizing vipon.com, blhpro.com and offline communities, we promote our cross-border e-commerce operation experience and software services to global e-commerce sellers, and have formed a cross-border e-commerce service platform with a broad user base.

Awards

In 2011, it was ranked among the top 50 cross-border transactions in eBay China; and won the top 5 in the Asia (Hong Kong) Entrepreneurship Competition.

In 2013, the US account of PriceChain Amazon platform won the official honor - TopHoliday Seller

Between 2011 and 2015, we won nearly 10 awards such as the "Asia Pacific Sales Bronze Award", "National Transaction Model", "Top Holiday Seller" and other benchmark awards from mainstream platforms such as Amazon;

Its subsidiary Wuhan Jiazhilian E-commerce Co., Ltd. was awarded the title of "Hubei Province Cross-border E-commerce Pilot Enterprise" in 2015;

Financing

In 2015, it received RMB 75 million in Series A financing

In 2016, it completed its Series B financing, was successfully listed on the New Third Board, and officially entered the fields of cross-border payment and artificial intelligence software.

In June 2017, Jiazhilian completed its C round of financing, in which it issued 549,140 ordinary shares in RMB to four investment institutions, namely Haitong Kaiyuan, Haitong Qidong, Ningbo Jundu and Beijing Zhongrong Tianran, in a non-public private placement, and finally raised RMB 165 million. After the financing was completed, Jiazhilian's net assets were approximately RMB 350 million.

Listing

On August 8, 2016, it was officially listed on the New Third Board. Jiazhilian was listed on the National Equities Exchange and Quotations System with the stock abbreviation "Jiazhilian", becoming the first stock in the cross-border e-commerce ecosystem.

On August 25, 2017, Jiazhilian issued an announcement on the termination of the listing of the company's shares on the National Equities Exchange and Quotations. The company's shares will be delisted from the National Equities Exchange and Quotations starting from August 24, 2017.

Xunxing Shares Dispute

In September 2017, Xunxing Co., Ltd. completed the acquisition of 65% of the equity of Price Chain.

Between May and June 2018, the first and second respondents proposed to the company's chairman to modify the performance commitment agreement and requested that the performance commitment compensation liability be limited to RMB 260 million. After being rejected, the first and second respondents lost interest in operating the business and arranged to repay the bank loan in advance, deliberately creating a tight financial situation for Jiazhilian and thus affecting the normal operation of Jiazhilian.

On September 4, 2018, the first respondent went to the bank counter without notifying the company or the co-manager to report the loss of an account containing RMB 160 million, intending to transfer the co-managed funds to evade the obligation to compensate for performance commitments.

On September 6, 2018, the first respondent maliciously reported the loss and transferred RMB53,274,039.54 of the jointly managed special funds into his personal account.

In October 2018, Xunxing Co., Ltd. issued an announcement stating that it demanded performance compensation of 101.399 million yuan and liquidated damages of 526,470 yuan from the founders of Jiazhilian Gan Qingcao and Zhu Ling, as well as Shenzhen Common Dream Technology Enterprise, and pledged 2.126 million shares of Xunxing Co., Ltd. under the name of the respondent to the party designated by the applicant. At the same time, it also had to bear the arbitration fees and preservation fees of this case.

On August 10, 2019, Xunxing Co., Ltd. received a notice from the family of Mr. Wang Lijun, the company's actual controller and former chairman, that Mr. Wang Lijun had been arrested by the Chongqing Public Security Bureau on suspicion of insider trading.

Development History

In 2006, Gan Qingcao, the founder of Jiazhilian, founded Xiamen Ouled Trading Co., Ltd.

In 2007, the company's 3C product line was sold on eBay and Amazon, and began to show its prowess; the American company VALUELINK SUPPLIES LLC was established in New Mexico, USA;

In 2008, the company moved to Shenzhen and changed its name to Shenzhen Jiazhilian Technology Co., Ltd.; during the financial crisis, the company's performance still maintained 100% growth, creating a miracle in the industry.

In 2009, Wuhan Jiazhilian E-commerce Co., Ltd. was established; and it built its own logistics platforms in major European and American countries to develop safe and efficient global supply chain channels;

In 2010, the SAP ERP system based on HANA in-memory database was launched, realizing the integration of finance and business;

In 2012, the BEAN Division was established to carry out refined operations on international cross-border e-commerce platforms;

In 2013, DBPOWER and other overseas brands were created, marking the beginning of the branding strategy of ValueChain Group. The CEO Award was first established to reward outstanding employees and executives with MBA studies, which attracted attention from the industry.

In 2014, the Value Chain Technology Park was officially established, focusing on building a group-based and diversified industrial layout of e-commerce trade, e-commerce community, and marketing software;

In 2015, Bailaohui Cross-border E-commerce Alliance was established; it was the first in the industry to initiate the cross-border e-commerce ecosystem strategy, and laid out a closed loop of cross-border e-commerce ecosystems in online education, SAAS software, and payment finance;

In 2016, it invested in and acquired software companies such as AMZTRACKER, the world's largest Amazon marketing software, and "Global Trading Assistant", the marketing software for AliExpress;

Completed the shareholding system transformation and changed its name to Shenzhen Jiazhilian Cross-border E-commerce Co., Ltd.;

Launched the DTAS Rocket Plan to further consolidate the strategic blueprint of the cross-border e-commerce service ecosystem;

In 2017, Amazon’s discount promotion platform VIPON2.0 was released.

In 2017, Xunxing Co., Ltd. (stock code: 002098) acquired Price Chain.

References

• 1. Exposure! The incident of Jiazhilian being sued for 1 billion yuan triggered an inquiry from the Securities Regulatory Bureau: Sohu [cited on 2018-10-13T16:00:00.000Z]
• 2. The former chairman of Xunxing Co., Ltd., the parent company of Jiazhilian, was arrested: ebrun [cited on 2019-08-09T16:00:00.000Z]
• 3. Jiazhilian promotes C round of 165 million! Gan Qingcao: Financing requires not only a strategic blueprint, but also corporate standardization: Sohu [cited on 2017-03-02T16:00:00.000Z]
• 4. Jiazhilian starts financing of 165 million yuan to increase e-commerce services: ebrun [cited on 2017-03-02T16:00:00.000Z]