What is Savi? Savi Review

Founder Introduction

Chen Wenping, male, born in May 1977, Chinese nationality, no permanent residence abroad.

July 2000, graduated from Harbin Institute of Technology with a bachelor's degree;

From September 2000 to April 2002, worked as an engineer at Delta Electronics (Dongguan) Co., Ltd.

From April 2002 to August 2002, worked at Founder Technology Co., Ltd. as IE Supervisor;

In August 2002, he worked as an engineer in the Industrial Engineering Department of Emerson Network Power Co., Ltd., mainly responsible for supply chain management, resource optimization, process improvement, cost optimization, etc.

From 2004 to 2005, he served as the manager of the process technology department and in 2006 he became the general manager of the process department, mainly responsible for the management of the industrial engineering department, process engineering department and process technology department;

In September 2008, he founded Savi Networks and served as the company's president;

In May 2012, he founded Shenzhen Zheguo Clothing Co., Ltd. and served as the general manager of the company;

Since June 2016, he has served as the company's chairman and general manager.

Co-founder Wang Xucheng, male, born in December 1973, Chinese nationality, no permanent residence abroad.

In July 1997, graduated from Hefei University of Technology with a bachelor's degree;

From September 1997 to January 1999, he worked as an engineer at Dongfeng Piston Bearing Co., Ltd.

From January 2000 to April 2002, he worked as an engineer at Dongguan Xinke Magnetics and Electrics Company (SAE);

From May 2002 to December 2009, he worked at Emerson Network Power Co., Ltd. as General Manager of the Process Project Management Department; from December 2009 to April 2012, he worked at Emerson Network Power (Mianyang) Co., Ltd. as General Manager of the Quality Process Department; from May 2012 to June 2016, he served as the company's Chief Operating Officer;

Since June 2016, he has served as the company's director and deputy general manager.

introduce

Shenzhen Saiwei Network Technology Co., Ltd. is a B2B/B2C demonstration enterprise engaged in e-commerce quick payment technology support business, e-commerce platform B2C retail, e-commerce platform construction, technical support, platform construction, e-commerce big data management, online data processing, and cross-border e-commerce export trade. The company has a first-class development team and has established a complete after-sales service system. It has rich experience in e-commerce platform marketing and trade. After long-term research and development, it has mastered a set of safer, more convenient, and more independent e-commerce platform transaction methods, which also brings a more environmentally friendly, safer, more convenient, and faster operation mode. The company takes foreign trade B2B/B2C e-commerce operations as its core business, focusing on network marketing, external technical support, goods export, technology export, brand building and supply chain management.

The company's business scope covers the world, focusing on international markets such as Europe, North America, and South America. The company is based on its own platform and leverages other platforms, with advanced electronic information infrastructure and a strong IT R&D team as support, and works hard on cross-border e-commerce platforms. The platform's operating products cover dozens of categories such as clothing, electronics and peripheral products, household goods, and daily necessities, including hundreds of thousands of products, as well as technical support from foreign e-commerce platforms and overseas warehouse operations, supply chain management, and global fabric procurement platform operation and management support.

status

Aoji, Youkeshu, Tongtuo and Saiwei are called the Four Heavenly Kings of South China City by Chinese sellers.

Corporate Culture

Corporate mission: Make a better life within reach

Corporate Vision: To be a world-class e-commerce company

Revenue

In 2014, Suntech E-Commerce's revenue was only 24.83 million yuan and its loss reached 13.8685 million yuan.

In 2015, Suntech's operating income reached 614 million yuan and its net profit was 18.9562 million yuan.

In 2016, Suntech's revenue was 1.48 billion yuan, a year-on-year increase of 140.96%; net profit was 38.77 million yuan, a year-on-year increase of 104.53%.

In the first half of 2017, revenue exceeded 849.32 million yuan, and net profit increased by 7.97%

Betting Agreement

On November 13, 2015, Xiamen Nut Internet Investment Partnership (Limited Partnership) and other six major shareholders invested a total of 120 million yuan in Sunway E-Commerce and signed a bet agreement. According to the bet, the amount of money the investor will receive when exiting is no less than 172 million yuan.

Financing

In September 2015, Suntech received RMB 500,000 in Series A funding from Junteng Investment, Junhui Investment and Zhongteng Investment.

In November 2015, it completed its B round of financing of RMB 120 million, led by Nut Capital, Junteng Investment, Junhui Investment, Zhongteng Investment, Zhuoshi Investment, and GF Securities.

On June 29, 2017, in order to further broaden financing channels and optimize financing structure, Suntech E-Commerce approved and implemented a comprehensive quota authorization proposal of RMB 50 million.

In November 2016, it was listed on the New Third Board.

On June 30, 2017, in order to supplement the company's working capital and enhance the company's overall operating capabilities, it was confirmed that Xiamen Xinrui Jitai Equity Investment Partnership subscribed for 8.88 million shares for RMB 222 million, and the company's valuation was approximately RMB 2.222 billion.

develop

Since 2013, Savi has started to build overseas warehouses.

In 2014, Zheguo Clothing, the predecessor of Savi E-Commerce, was mainly engaged in offline distribution and earned revenue by selling goods to domestic distributors.

Since November 2014, Zeagoo Clothing has started to create its own clothing brands, formulated and resolutely implemented the strategy of creating and incubating its own brands. Later, it successively launched its own brands in the categories of women's clothing, underwear, home clothes, sex toys, men's clothing, home furnishings, electronics, etc., such as Zeagoo, Finejo, Acevog, Coofandy, Ancheer, Arshiner, etc.

In 2014, we successively established wholly-owned overseas warehouses including warehouses in Germany, the United Kingdom, and Australia to realize local delivery services and improve customer satisfaction.

As of March 31, 2016, Savi had 126, 32, 38 and 56 stores on eBay, Amazon, Wish and AliExpress respectively! A large number of stores dominate the screens on all platforms to grab traffic and sell goods!

It was listed on the New Third Board on November 11, 2016.

In March 2018, the cross-border e-commerce company Shenzhen Saiwei E-Commerce Co., Ltd. issued a "Reminder Announcement on the Termination of Listing of the Company's Shares on the National Equities Exchange and Quotations", announcing its intention to apply for termination of listing on the New Third Board.

References

• 1. A tycoon paid 220 million RMB for the private placement. What the hell is Saiwei E-commerce? : Tencent Finance [cited on 2017-07-04T16:00:00.000Z]
• 2. Savi is trapped in a 6 billion debt black hole. The industry hints that its gambling agreement has failed: Tencent Finance [cited on 2012-05-03T16:00:00.000Z]
• 3. Relying on "reselling" Chinese products, Savi e-commerce had a revenue of 600 million last year and a valuation of 1.8 billion: Sohu [cited on 2016-10-09T16:00:00.000Z]