Xingsheng Youxuan

Xingsheng Youxuan is an internet-based 'new retail' platform focusing on people's livelihoods, and is one of the first 'unicorn' enterprises in Hunan Province with a valuation exceeding 10 billion US dollars.
The platform is primarily positioned to address the daily needs of household consumers, offering a wide range of selected products including vegetables and fruits, meat, poultry and aquatic products, rice, flour and cooking oil, and daily necessities. It relies on community-based physical convenience stores and serves users through a 'pre-sale + self-pickup' model.
Currently, Xingsheng Youxuan has expanded its reach to 8 provinces and municipalities directly under the central government, including Hunan, Hubei, Guangdong, Jiangxi, Shaanxi, Guizhou, Guangxi, and Fujian, covering more than 1,000 prefecture- and county-level cities, and over 100,000 townships and villages.
As a pioneer in the community e-commerce industry, Xingsheng Youxuan has been leading industry development. Currently, the company has over 1 million partner stores nationwide.
In 2021, Xingsheng Youxuan's annual GMV reached 43 billion yuan, with tax payments exceeding 450 million yuan. In the first half of 2022, the platform's transaction volume (GMV) reached 20 billion yuan, with tax payments exceeding 180 million yuan.
Based on the success of its business model and sustained rapid growth, the company has attracted attention and investment from numerous well-known domestic and international venture capital institutions, including Tencent, JD.com, KKR (US), Sequoia Capital, Temasek, Primavera Capital, Tiger Fund, and Today Capital, among more than ten investment institutions.
As Xingsheng Youxuan continues to grow, its economic and social effects have become increasingly prominent. At present, Xingsheng Youxuan has approximately 50,000 partners, of which logistics partners account for about 90%. In the areas covered by Xingsheng Youxuan's business, it has effectively solved the problem of local employment for nearby residents. In the next three years, the platform is expected to provide 100,000 job opportunities.
As an e-commerce platform focused on people's livelihoods, Xingsheng Youxuan has fully leveraged its advantages to be at the forefront of epidemic prevention and supply assurance, safeguarding people's livelihoods, ensuring supply, and stabilizing prices. When the epidemic occurred, the company initiated the resumption of work and production in Wuhan at the earliest opportunity, opening over 1,000 community service lines in total, covering 2 million community households in Wuhan. During the epidemic, Xingsheng Youxuan cumulatively sold over 500 million units of livelihood goods and more than 60 million units of epidemic prevention materials.
In addition to its rapid business development, Xingsheng Youxuan also leverages its platform advantages to help distinctive agricultural products nationwide 'go online' and support rural revitalization. Xingsheng Youxuan has established strategic cooperation with multiple cities and counties, including Chenzhou, Zunyi, Shazhou (where the story of 'Half a Quilt' took place), Mayang, Huayuan, Longshan, and Guzhang, selling over 10 billion yuan worth of specialty fruits, vegetables, rice, and meat products, driving income growth and increasing earnings for over 400,000 farming households.