What are the conditions for entering Jollychic? Introduction to the development of Jollychic

There are still many cross-border e-commerce platforms now. Different e-commerce platforms focus on different markets. For example, the jollychic platform focuses on the e-commerce market in the Middle East. At present, the development potential of this platform is still very good. So what are the conditions for entering jollychic?

What are the conditions for entering jollychic?

1. Enterprise qualifications

The company has been established for one year and the registered capital is ≥ 500,000.

2. Import and export qualifications

There is no import and export qualification yet, which must be provided within 1 month of settlement.

3. Stable supply

Free or cooperative factories, products with European and American style.

4. Timely delivery

Meet the platform's delivery time limit and comply with product packaging specifications.

Jollychic's main business categories:

We operate a full range of product categories, with the main categories including: men's/women's clothing, shoes and bags, accessories, household stationery, maternal and child toys, body and skin care, 3C electronics, smart products, etc. After the supplier settles in, the corresponding BD/buyer of Zhiyu will give professional product selection suggestions to assist in product selection.

Jollychic financing situation:

On May 27, 2015, Zhiyu has received nearly 10 million US dollars in Series A investment from two listed companies, Fuanna and Furun.

In May 2018, Zhiyu completed a C round of financing worth hundreds of millions of dollars, with a post-investment valuation of over US$1 billion. This round of financing was led by Sequoia Capital Global Growth Fund, followed by Legend Capital, Orchid Asia, Ping An Ventures, and CDH Investments.

In 2019, the Middle East e-commerce platform Jollychic completed a $65 million Series C+ round of financing, with the investor being the UAE technology giant G42 Group. This financing is the first time that a local strategic investor in the Middle East has invested in a Chinese e-commerce platform focusing on the Middle East market.

Jollychic development:

In 2015, Jollychic had more than 200 employees, including more than 70 IT R&D personnel.

In 2016, Jollychic had 500 employees, including more than 90 buyers and nearly 100 foreign customers. It had about 1,000 suppliers and launched 500 new styles every day. The number of APP users reached 10 million, and 95% of sales came from the Middle East.

In August 2015, JollyChic officially entered the Polish market.

In 2017, Zhiyu completed the resource integration of the Middle East e-commerce MarkaVIP.

I have shared with you the conditions for entering jollychic. At present, the platform’s requirements for stores are relatively low. As long as your company’s qualifications can meet the above requirements, you can try to enter. However, since it focuses on the Middle East market, you must first understand this market before entering.

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