Founded in 2015, Yungongchang offers a B2B procurement software platform that algorithmically matches enterprise buyers with qualified component suppliers and factories. The service is used by notable clients such as Lenovo, Huawei, Hai’er, JAC, Ehang, and others across automotive, mechanical gear, medical equipment, and consumer electronics verticals. Backed early by Foxconn, the company positions itself as an efficiency-driven intermediary that streamlines sourcing for complex manufacturing needs. While no revenue or user metrics were disclosed, the firm’s growing roster of blue-chip customers indicates meaningful traction in China’s manufacturing supply chain. Proceeds from its latest funding will be channeled into research & development as well as marketing to broaden its customer reach. Yungongchang’s software suite aims to deepen digital integration between buyers and factories, potentially expanding into additional industrial categories as it scales.

Total raised

$114M

Funding rounds

2

Latest round

Series B

Latest activity

Nov 2023