Lingxing, a cross-border e-commerce SaaS service provider, announced on Wednesday that it had finalized a round C financing worth 280 million RMB ($ 44 million) led by Xianghe Capital and followed by its previous shareholders such as Source Code Capital, GL Ventures, Shunwei Capital, Eastern bell Capital. Taihe Capital served as exclusive financial advisers.
Founded in 2017, Lingxing is committed to creating value for the cross-border e-commerce industry through SaaS ERP (Enterprise Resource Planning) products and facilitating cross-border business. Currently, the company has served more than 100,000 cross-border e-commerce businesses and its business has grown by more than 200% in 2021.
Lingxing’s team scale has grown to over 700 people covering service centers in more than 20 cities across the country. Lingxing has insisted on a high level of R&D in order to provide safe and secure information services to businesses.
With the widespread development of e-commerce across borders, branding and streamlined management systems have become an industry consensus. Lingxing’s ERP covers financial profit accounting, smart replenishment, supply chain management, advertising, customer service operations, and other modules. By helping enterprises to easily control personnel, assets and money, it is able to promote effective collaboration within enterprises while improving the core competitiveness of cross-border e-commerce traders.
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Lingxing continues to upgrade its standardized products and incorporates advanced management experience into its system design. In addition, standardized products are able to integrate with internal systems of other cross-border e-commerce companies to quickly create digital sales links.