What is Savi Network Technology Co., Ltd.

Shenzhen Saiwei Network Technology Co., Ltd. ("Saiwei" for short) is a B2B/B2C demonstration enterprise and high-tech 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, cross-border e-commerce export trade. It is one of the "Four Young Masters of South China City".

About Savi

· With foreign trade B2B/B2C e-commerce operations as its core business, Savi focuses on online marketing, external technical support, goods export, technology export, brand building and supply chain management, and sells products on cross-border e-commerce platforms such as Alibaba, eBay, AliExpress, Amazon, and Wish.

·Savi'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.

Development History

-Savi E-commerce was founded in 2012, formerly known as Zheguo Clothing, with a registered capital of 500,000.

-In 2014, Zeagoo Clothing, the predecessor of Saiwei E-commerce, was mainly engaged in offline distribution and earned income by selling goods to domestic distributors. In November 2014, Zeagoo Clothing began to create its own clothing brands, formulated and resolutely implemented the strategy of creating and incubating its own brands, and later successively launched its own brands in women's clothing, underwear, home clothes, sex toys, men's clothing, home furnishings, electronics and other categories, such as Zeagoo, Finejo, Acevog, Coofandy, Ancheer, Arshiner, etc.

-In 2015, "Zheguo Clothing" merged Chen Wenping's three companies, "Savi Network", "Fenzhe Clothing" and "Fenzhe Garment", and then carried out equity reform and capital increase, integrating Chen Wenping's many years of e-commerce entrepreneurial experience into one, becoming a company with comprehensive strength in supply chain and cross-border e-commerce.

-As of March 31, 2016, the number of stores opened by Savi on the four major platforms of eBay, Amazon, Wish, and AliExpress were 126, 32, 38, and 56 respectively!

-In the first half of 2017, Savi E-Commerce's operating income was 849 million yuan and its net profit was 168 million yuan. In July 2017, Savi E-Commerce issued 8,880,000 shares to Xiamen Xinrui Jitai Equity Investment Partnership (Limited Partnership) and raised 222 million yuan. The post-investment valuation of the company was approximately 2.222 billion yuan.