What is Wanfang Network? Wanfang Network Review

Founder Introduction

Li Jianwen, male, born on August 6, 1971, Chinese nationality, no permanent residence abroad, Master of Business Administration (MBA), graduated from Renmin University of China in July 1995.

From July 1995 to August 2001, he served as the assistant manager of the market research department, assistant sales manager of the Guangdong-Guangxi region, sales manager of Sanjiu Northern Region, and national product manager of Sanjiu in Shenzhen Sanjiu Pharmaceutical Trading Co., Ltd. of China Sanjiu Group;

In June 2003, he obtained an MBA degree from Ohio State University.

From June 2005 to May 2016, he served as the company's executive director and general manager.

In May 2016, he was elected as the chairman of the board of directors of the joint-stock company and served as the general manager of the company.

Basic Information

Wanfang Network focuses on China's cross-border e-commerce field. It has the strongest e-commerce sales channels in the United States and Europe, powerful electronic product supply chain integration capabilities, and an almost unlimited capital supply chain management system of more than 90 days. The company is committed to building a full-network and full-channel marketing model including eBay, Amazon, Aliexpress, DHgate, Wish, Lazada, B2C websites, official websites and flagship stores. Its sales areas are widely distributed in the United States, Australia, Canada, Europe, Russia, Southeast Asia and the Middle East. It has also established large-scale professional storage and transportation bases and transit centers in major countries and regions around the world to achieve global integrated product supply.

introduce

Wanfang Network mainly produces iRuLu 3C products through outsourcing OEM and sells them to end customers through online retail. The company's main customers are overseas electronic product users with Internet consumption concepts, who have a large base, high purchase frequency, and fast product experience dissemination.

Sales Area

The products are directly sold to more than 20 countries and regions around the world, including the United States, Australia, the United Kingdom, Germany, Russia, and Brazil.

brand

iRULU, a local American brand under Wanfang Network, has become an excellent brand of "Moving America Forward" sought after by mainstream American media and mass consumers, and was awarded the title of "Chinese National Brand" in CCTV's "Winning in Brands" column, and won the annual best brand of cross-border e-commerce. It has gradually become a household name in the cross-border e-commerce field and a people-friendly brand that is going global!

Revenue

Wanfang Network's operating income in 2014 was 211 million yuan and its net profit was 11.498 million yuan.

Wanfang Network's operating income in 2015 was 253 million yuan and its loss was 70.4631 million yuan.

Wanfang Network's operating income from January to June 2016 was 139 million yuan and its net profit was -9.1779 million yuan.

In 2017, the company achieved revenue of 152 million yuan; the net profit attributable to shareholders of the listed company was 49.9984 million yuan.

Wanfang Network's operating income in the first half of 2018 was 11.58 million.

Awards

Wanfang Network has become one of the only 23 companies in the country to be shortlisted for the first batch of "Chinese National Brands" selection;

Won the honorary enterprise of "China Brand Influence Enhancement Plan" and the cross-border e-commerce industry partner of CCTV's "Witness • Brand" column;

In June 2015, it was rated as "China's Science and Technology Innovation Enterprise" and "National Quality, Service and Credit AAA Demonstration Unit"

In 2015, the company was awarded the honorary titles of "National High-tech Enterprise" and "Guangdong Province E-commerce Benchmark Enterprise".

iRULU, a local brand under Wanfang Network, has become an outstanding brand of "Moving America Forward" in the mainstream media and mass consumption in the United States, and was awarded the title of "Chinese National Brand" in CCTV's "Winning in Brands" column and won the Best Brand of the Year in Cross-border E-commerce.

develop

In 2015, Wanfang made a large amount of share-based payments for equity incentives, and its business began to expand to countries such as Europe and Russia. Increased investment in marketing, R&D and sales also led to increased expenses.

In 2016, Wanfang Network successfully landed on the "New Third Board" as a listed cross-border e-commerce company.

On May 27, 2016, Shenzhen Wanfang Network Information Co., Ltd. was renamed Shenzhen Wanfang Network Co., Ltd.

On February 16, 2017, Wanfang Network was listed on the National Equities Exchange and Quotations with the stock name: Wanfang Network.

In March 2017, Wanfang Network and Shenzhen Fusen Supply Chain Management Co., Ltd. reached a strategic partnership to open up the entire supply chain from manufacturing to retail (M2C).

Financing

On June 12, 2016, Suzhou Zhixinshanzhi Investment Management Partnership (Limited Partnership) and Beijing Jinfuzejin Investment Management Center (Limited Partnership) invested RMB 18 million in Shenzhen Wanfang Network Co., Ltd.

Dishonest executor

The China Enforcement Information Disclosure Network disclosed that Shenzhen cross-border e-commerce giant Wanfang Network and its actual controller were included in the list of dishonest debtors and issued consumption restriction orders, which involved procurement contract disputes and labor disputes.

References

• 1. Shenzhen Wanfang Network Co., Ltd._Dishonest debtor: Green Shield Credit [reference date 2019-03-24T16:00:00.000Z]