On December 16th, Zhongding Capital announced that on the evening of December 15th Beijing time, Zhongding Capital's investment enterprise and China's leading MRO procurement service platform, Zhenkunxing, successfully listed on the New York Stock Exchange in the United States. Zhongding Capital has successfully won another heavyweight IPO project in the field of supply chain innovation.
Zhongding Capital stated that since the company led the B-round financing of Zhenkunxing in 2017, Zhenkunxing has maintained rapid development. At the same time, Zhongding Capital has continuously raised funds in Series B+, Series C, Series D, and Series E, making it the largest institutional shareholder of Zhenkunxing before its listing. It is also the institutional shareholder who firmly accompanies Zhenkunxing's development and has invested the earliest and longest time. The long-term and sustained investment in Zhenkunxing reflects the company's firm confidence in investing in China's supply chain innovation.
Public information shows that Zhenkunxing Industrial Supermarket mainly operates in the categories of spare parts, general consumables, administrative materials, processing and manufacturing, chemicals and other industrial supplies. Currently, it has 32 advantageous production lines and over 17.2 million SKUs. Through the digital supply chain construction of the MRO industry, it serves the Chinese manufacturing industry and the real economy, helps customers reduce costs, improve efficiency, and digital transformation of the supply chain, It is a typical representative of supply chain innovation in the era of industrial internet in China.