What is HC Group? HC Group Review, Features

Founded in 1992, Huicong Group Co., Ltd. (02280.HK) is committed to empowering traditional industries with the Internet and big data, and has become China's leading industrial Internet group, a Hong Kong main board listed company, and a Shenzhen-Hong Kong Stock Connect target company.

About HC Group

As one of the earliest B-end enterprise service providers in China, in January 2018, Huicong Group took the lead in proposing a comprehensive layout of industrial Internet. In 2019, it formed three major business groups: new technology retail, smart industry, and platform and enterprise services. It invested in and incubated six vertical tracks and established a complete industrial Internet ecosystem.

Group Business

The strategic development path of Huicong Group's industrial Internet is a "three-stage rocket":

1. The first-stage rocket of Huicong’s development: Zhongguancun Online, Zhongmo International, Zhaoxin Holdings, Cotton Union, Buy Chemicals and Plastics, and Nahuo Mall.

Huicong Group adopts the "investment + incubation" approach to find the best industry experts, strike down the dimensionality, and resolutely use a sledgehammer to kill the chicken. At the same time, it injects the platform and resources accumulated by Huicong to quickly layout the vertical industry. For the vertical runway, Huicong provides brand support, customer support, technical support, traffic support, financial support, and financing support.

2. The second-stage rocket of Huicong’s development: Huicong.com.

HC360 actively embraces partners and builds an ecosystem. It has established in-depth cooperative relationships with Tencent and Baidu. Through cooperation with leading companies, it uses product libraries, enterprise libraries, inquiry libraries, and understanding of B-side customers and the ability to reach customers to build front desks and form touchpoints with partners. At the same time, it perceives customer needs and helps customers form positions on multiple platforms in the middle office, introduces external traffic, and applies increasingly mature Internet tools to close the business loop. In the background, HC360's huge inquiry data provides underlying support.

3. The three-stage rocket of Huicong’s development: financial technology.

Fintech needs real data and portraits of B-side enterprises. If the industry customer data of the first-stage rocket service and the small and micro customer data of the second-stage rocket service developed by Huicong Group can be used well, supplemented by third-party data, artificial intelligence technology, and blockchain technology to restore the real portraits of the vast number of small, medium and micro enterprises, the market space for the B-side will be larger.

Corporate Culture

Vision: Strive to become China's leading industrial Internet group.

Mission: Empower traditional industries with the Internet and data.

·Values: Create value for customers, be consistent in words and deeds, and do what we say.

Development History

-In December 1991, a computer product quotation section was opened in Computer World, and the Huicong model of business information was rapidly developed.

-In October 1994, Huicong signed an exclusive agency agreement with Wells Fargo Corporation for the advertising of "Personal Computer" (Chinese version of PC Magazine) and "Electronics and Computers" (Chinese version of PC Computing), thus entering the field of media advertising agency.

-In February 2001, the I series software developed by Huicong International was officially released to the public and has been fully used by the national website China.com.

-In December 2003, Huicong International Information was listed on the Growth Enterprise Market of the Hong Kong Stock Exchange.

-In September 2004, Huicong cooperated with Tencent Technology to jointly launch the instant messaging tool "MaimaitongTM" for business people.

-In February 2009, Huicong Industry Company obtained the ISO9001 quality management system certificate, becoming the first Internet company in China to obtain ISO quality management system certification.

-In October 2014, Huicong transferred its listing from the Hong Kong Growth Enterprise Market to the Main Board of the Hong Kong Stock Exchange, and its stock code was changed to (02280.HK).

-In March 2015, the company founded a chemical industry trading platform, Buy Chemicals and Plastics, and acquired equity interests in Zhongguancun Online, Zhongguancun Mall, and Wanwei Home Appliances Network.

-In December 2016, the company acquired Tianjin Huijia Yuantian Advertising Media Co., Ltd.

-In August 2017, it was selected by Hang Seng Indexes Company Limited as a constituent stock of multiple index series.

-In September 2017, it was transferred to Shenzhen-Hong Kong Stock Connect and became a target company of Shenzhen-Hong Kong Stock Connect.

-In October 2017, Liu Jun, the current chairman of Huicong Group, joined the company.

-In November 2017, Huicong Group focused on the development plan of industrial Internet.

-In March 2018, it was renamed "Huicong Group Co., Ltd." and Liu Jun became the chairman of the board and CEO.

-In April 2018, Huicong Group acquired a controlling stake in Cotton Union to accelerate the optimization of the industry chain service system.

-In November 2018, Huicong Group received HK$450 million in financing to accelerate its industrial Internet layout.

-In December 2018, the company reached a strategic cooperation with Tencent, and Huicong Group became a strategic partner of Tencent in its transformation into industrial Internet. It invested in the acquisition of Beijing Rongshang Tonglian Technology Co., Ltd., with an effective shareholding of 89.34%, and Rongshang Tonglian became a subsidiary of Huicong Group.

-In January 2019, the business was iterated and the organizational structure was upgraded to establish the Technology New Retail, Smart Industry, Platform and Enterprise Service Business Groups. Zhang Yonghong, former vice president of HP China, general manager of Acer China, executive vice president and executive vice president of Tsinghua Unigroup, was appointed as CEO of HC360 Group, and Liu Xiaodong, founder of Zhongguancun Online, was appointed as president of HC360 Group.