Raised 300 million yuan! This low-key big seller, which was only established 3 years ago, is really amazing!

Recently, the overseas technology innovation consumer brand "VanTop" officially announced the completion of its A round of financing of 300 million yuan , the amount of which was also 300 million yuan, which has stirred up the entire cross-border e-commerce circle.

It is reported that Vantuo Technology was established in 2017 and is mainly engaged in consumer product research and development, design and sales. It is headquartered in Shenzhen and has subsidiaries in the United States, Hong Kong, Japan and Germany. Since its establishment, it has cultivated brand sites on platforms such as Amazon and eBay, and established four independent brand sites, VANKYO, VANTOP, SNAPTAIN and HEIMVISION. The categories cover 3C electronics, outdoor sports, mobile smart devices, etc., and the products are mainly sports cameras, projectors, drones, security, tablets, etc.

This year, the COVID-19 pandemic has brought challenges to cross-border e-commerce, but also brought many opportunities. Many cross-border e-commerce sellers have achieved growth in performance, and cross-border sellers, as industry leaders, have also delivered satisfactory results.

On October 27, Huading Technology, the parent company of Tongtuo Technology, released its third quarter report. The financial report shows that Huading Technology's revenue in the first three quarters was 7.218 billion yuan, a year-on-year increase of 22.15%, and its net profit was 120 million yuan, a year-on-year decrease of 53.77%.

Huading Group also stated in its financial report that the main reason for the revenue growth was the increase in sales revenue of its subsidiary Tongtuo Technology in this period , while the reason for the decline in net profit was the impact of the new crown epidemic, which reduced downstream demand in the nylon industry; the decline in crude oil prices led to a sharp drop in the sales prices of raw materials and products; the e-commerce sector was affected by the epidemic abroad, and sales expenses increased significantly.