Fabric B2B trading platform hundred cloth was tens of millions of dollars B round of financing

news on July 5th, hundreds of millions of dollars to get a B round of financing, leading investors to become the capital, the source of capital and investment. The round of financing will be mainly used to expand the scale of business and optimize the supply chain system, the future will be the establishment of a hundred more rapid, stable and powerful textile supply chain system, to better serve each garment enterprises.

 

according to the analysis of China Textile Industry Association, in 2015 the national textile enterprises main business revenue is expected to exceed 7 trillion yuan, and the trend of sustained rapid growth in the future. The textile industry to support the upstream and downstream supply chain is highly fragmented, chaotic and inefficient market.

cloth is located in the textile trading mobile electronic business platform, is part of Guangzhou Jing Jing Mdt InfoTech Ltd. As a proprietary platform only textile B2B, the core team members from Alibaba, the U.S. group, where to go, because man, Akimizu Ito and senior industry experts, familiar with fabric production, distribution channels, each link in the production and sales of clothing, master textile supply chain resources.

100 cloth by linking suppliers, fabric information base establish a standardized, efficient matching by powerful technology system accurately, originally very asymmetric information of upstream suppliers and downstream demand link, complete the transaction closed loop. In the past due to the highly dispersed downstream due to the SKU standard is fuzzy, opaque price and other pain points, with 100 cloth industry established the only standard, the fabric of the world’s largest database standard and transparent, to optimize the supply chain structure and efficiency of industry upgrading play great value.

it is understood that 100 cloth as a proprietary platform only textile B2B, the core team members from Alibaba, the U.S. group, where to go, because man, Akimizu Ito and senior industry experts, familiar with fabric production, distribution channels, each link in the production and sales of clothing, master textile supply chain resources.

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