Guangxin Furniture

[Company Profile] Guangdong Guangxin Furniture Co., Ltd. (referred to as Guangxin Furniture) is a cross-border trading company focusing on furniture manufacturing and export, and it is also a subsidiary controlled by Guangdong Provincial Foreign Trade Development Company, a state-owned enterprise. China is our production base, and our advantageous categories are kitchen and dining room furniture, office furniture, living room furniture, and bedroom furniture. We cooperate with over 100 domestic suppliers and have developed thousands of SKUs. We have showrooms in Guangzhou, Anji, Tianjin, as well as in France and Mexico, to display our furniture products to customers. Meanwhile, by developing suppliers in Southeast Asia, Eastern Europe, South America, and other regions, we have made early arrangements to cope with the decoupling of Eastern and Western markets, enhancing the group's future competitiveness. We have rich experience in furniture development and design, and through exquisite product videos showcasing living scenarios, as well as assembly videos to display our products, this is one of the strongest foundations for our online trading. We have laid a very solid business foundation on the two mainstream e-commerce platforms, Amazon and eBay, and have achieved very impressive results on Wayfair, an emerging e-commerce platform in the United States. At the same time, our business strategy simultaneously enters various local emerging e-commerce platforms overseas, such as Walmart, Cdiscount, Overstock, Groupon, etc., to accelerate the expansion of the e-commerce field.
[Development Achievements] The company currently has an elite team of over 250 people, focusing on operating its own platforms and numerous third-party platforms. With the team's hard work day and night, the company has achieved rapid development, with operating revenue growing from $108 million in 2015 to $200 million in 2018 within just four years. At the beginning of 2020, the company had independent and professional overseas warehouse logistics business, with a network covering six countries globally (the United States, the United Kingdom, France, Germany, Canada, and Mexico), and now has warehouse capacity of up to 430 high cubes; the company's design and R&D team has obtained more than 140 furniture appearance design patents, establishing its own proprietary patent library. Relying on strong support from state-owned enterprises, the company has advantages in business segments such as overseas warehouse networks, information technology companies, product inspection and testing companies, logistics and transportation companies, product development and design companies, and financial companies, which are also the accelerants for the rapid growth of Guangxin Furniture. [Corporate Culture] Business philosophy: long-term consensus, innovation and refinement, reasonable profits, and shared results. Service purpose: integrity-based, customer first, survival and development through quality.