Raised 280 million yuan! Cross-border e-commerce SaaS service provider Lingxing continues to make efforts

On December 15, the cross-border e-commerce SaaS service provider Lingxing announced the completion of RMB 280 million in Series C financing . This round of financing was led by Xianghe Capital, followed by old shareholders Hillhouse Capital, Source Code Capital, Shunwei Capital, and Eastern Bell Capital, and Taihe Capital served as the exclusive financial advisor.

Founded in 2017, Lingxing is committed to providing refined operations and business-finance integration solutions for cross-border e-commerce sellers . The team now has more than 700 people and has localized service centers in more than 20 cities across the country.

At present, Lingxing has served more than 100,000 cross-border e-commerce companies, among which the number of listed cross-border e-commerce companies and sellers with a scale of 100 million are leading the industry. In 2021, its business grew by more than 200% . In the same year, it also obtained the National High-tech Enterprise Certification and the National Information Security Level Protection Certification .

With the in-depth development of cross-border e-commerce, branding and refined management have become an industry consensus.

It is understood that the functions of Lingxing Cross-border E-commerce ERP cover modules such as financial profit accounting, intelligent replenishment, supply chain management, advertising, and customer service operations. By helping enterprises achieve refined management and control of people, goods, and finance and data decision-making, it promotes efficient collaboration within the enterprise and enhances the core competitiveness of cross-border e-commerce sellers.

Lingxing pointed out that products and services are its core competitiveness .

With a deep understanding of the cross-border e-commerce industry, Lingxing continues to rapidly iterate standardized products and integrates industry-leading management experience into system function design .

At the same time, standardized products can also work with the internal systems of cross-border e-commerce companies to quickly build the digital capabilities of the company's full chain and full scenarios. Based on the needs and usage scenarios of each customer, Lingxing will provide a matching system usage solution to solve the customer's business problems.

Tang Hesong, founding partner of Xianghe Capital, the lead investor , said that thanks to China's leading supply chain capabilities and global development opportunities, Xianghe is very optimistic about the massive and fast-growing cross-border e-commerce sector. ERP is the necessary basic information construction and core information hub to serve sellers and enhance their competitiveness, and it is also the focus of Xianghe.

Tang Hesong also said: " As an industry leader, Lingxing's pursuit of product excellence and its insight into customer needs and market environment impressed us. At the same time, CEO Fu Bo and the core team have excellent strategic thinking, management and organizational skills, and strong execution. We believe that Lingxing can continue to iterate and evolve to create greater value for China's supply chain and brand expansion overseas. "

Lingxing said that in the future it will continue to focus on achieving efficient collaboration in key links of the cross-border e-commerce industry through SaaS products to help Chinese brands go overseas.

Cross-border

Financing