PangMaoBao

PangMaoBao provides supply chain financing against outstanding invoices to well-known companies such as Amazon, Disney, DHL, Siemens and others. Zhaogang is the biggest e-commerce platform for the steel industry in China. Zhaogang operates 46 branches throughout China and Asia, including branches in South Korea, Vietnam, Thailand and the United Arab Emirates.

Zhaogang has received backing from major venture capital firms in both China and abroad, including IDG, Sequoia Capital, Matrix Partners China and Zhen Fund. In January 2016, Zhaogang completed RMB 1.1 billion (EUR 151 million) series E round of financing, potentially the last round of financing before it is listed on the domestic stock market.