E-commerce industry, running a "mud point" of the black horse
01
Venture capital think tank: e-commerce industry, running a "mud point" of the black horse
Nanjing-based Huitongda, with revenues of more than 82 billion yuan in 2023, is a down-market Internet platform company that partners with agricultural, home appliance and digital companies to sell goods to husband-and-wife stores.
There are about 6.3 million husband and wife stores in China, and more than 70% of them are from the sinking market. Huitongda provides commodity ammunition for these husband-and-wife stores, connecting the commodity supply chain on one end and the stores in the sinking markets on the other. in 2023, this business contributed over 81.6 billion yuan, accounting for 99% of the total revenue. among them, the consumer electronics products contributed the bulk of the revenue, which amounted to 44.9 billion yuan, a year-on-year growth of 19%.
