Shi Xiao Wang Snares Tens of Millions of Yuan in Angel Round

According to 36Kr.com, Shi Xiao Wang (referred to "World Sales Network" in English) has closed on tens of millions of yuan angel round financing, led by ZhenFund, with Chao capital as the financial advisor. Proceeds from this round of financing will mainly be used for platform development, team construction, overseas brand building.

Established in June 2019, Shi Xiao Wang focuses on the field of big health, providing links to global sales channels, brand marketing, supply chain, new product incubation and other services for health brands. Currently, the main brands Shi Xiao Wang serves and provides cover health care, traditional tonic, personal care, health food, maternal and child health, health medical services and so on.

Shi Xiao Wang selects global health products and services to users with accurate recommendations. At present, Shi Xiao Wang has cooperated with more than 20 head health brands and expanded more than 3,000 dealers.

At present, Shi Xiao Wang mainly charges service fees and sales commissions to the upstream brands for profit. In the future, it will incubate its own new brands, invest or acquire potential health brands to build its own brand series. For consumer users, Shi Xiao Wang will also provide health management services and customized solutions for “health management & health product” services at home.

Qingfeng, the founder of Shi Xiao Wang, said that the company will build a global sales channel for imported and exported health brands, following the national One Belt And One Road policy, to promote China's health industry. Based on big data, Shi Xiao Wang will build a global exchange system for the health industry and customize business solutions for brands.

ZhenFund is a seed fund founded by former entrepreneurs to invest in the most promising innovators. New Oriental co-founders Bob Xiaoping Xu and Victor Qiang Wang established ZhenFund in 2011 in collaboration with Sequoia Capital China. ZhenFund now has a network of over 700 portfolio companies, including over 10 unicorns based in China. Some of its services include biannual demo days to top Chinese VCs, ZhenHR services, marketing and PR consulting, as well as fundraising.