Zhaoyou.com

Zhaoyou.com (*) is affiliated with Shanghai Zhaoyou Information Technology Co., Ltd., established in February 2015, and is currently the leading B2B e-commerce platform for refined oil products. The company started with diesel as a single product and gradually expanded to all petroleum chemical categories such as kerosene, gasoline, and fuel oil, committed to building a comprehensive e-commerce service platform for the entire petroleum industry chain by deepening matchmaking services, consolidating consignment services, actively promoting terminal oil product services, and providing credit financial services. Currently, Zhaoyou.com has launched business products such as Zhaoyou Mall, Zhaoyou Logistics, Zhaoyou Finance, and Zhaoyou Retail. The development of Zhaoyou.com will greatly facilitate the transformation and upgrading of China's petrochemical industry.
The company has completed four rounds of financing, including an angel investment in May 2015 from Zhaogang.com (*), a leading industrial internet company in China and the largest steel retail e-commerce enterprise, a Series A investment in March 2016 from SIG (Hina Asia Venture Capital Fund), a US$10 million Series A+ round in December 2016 led by Cloud 9 Capital with participation from Yunqi Capital and SIG, and an additional US$8 million Series A+ round led by GGV Capital in February 2017. The company currently has a team of about 200 people, and based in Shanghai, it has developed regional markets in Jiangsu, Guangdong, Zhejiang, Shandong, and Beijing, forming an oil product trading service network covering North China, East China, and South China.
Zhaoyou.com adopts an innovative online oil trading model to optimize circulation efficiency and help terminal customers find high-quality and cost-effective oil sources. Since the platform went live on June 30, 2015, it has facilitated a total transaction volume of 10 billion yuan, helped over 5,000 enterprises complete product sourcing and procurement, and maintained a repurchase rate exceeding 80%.