[Summary] Community group buying brand
Suzhou Xiancheng Technology Co., Ltd., abbreviated as Tongcheng Life, was established on January 30, 2018, and is a community group buying project under Tongcheng Tourism.
Tongcheng Life is a community O2O group buying service platform, operating on a community basis, establishing distribution communities online and completing delivery offline. The platform provides supply of goods, logistics, warehousing, and after-sales support, mainly offering primary edible agricultural products, food, fresh flowers and gardening, handicrafts, and beauty services.
Company development:
* Initially, Tongcheng Life was tested inside Tongcheng Building in Suzhou, focusing on fresh produce such as fruits and vegetables as core categories. It was found that employees' purchase frequency and consumption enthusiasm were high, thus the model was preliminarily validated. Therefore, an independent team was established, and in August 2018, it officially entered the most suitable landing scenario for group buying business—communities. Currently, Tongcheng Life's core businesses include food, household goods, and surrounding services, with small shop owners and stay-at-home mothers as group leaders.
The company is developing rapidly and has a large demand for personnel.
Company financing:
In November 2018, it received nearly 10 million RMB in seed round financing from Tongcheng Crowdfunding;
In December 2018, it received tens of millions of RMB in angel round financing from Tencent and Tongcheng Crowdfunding.
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