What is Wangji Technology? Wangji Technology Review, Features

Wangji Technology was founded in 2014 by Mr. Lin Siming, Vice President of Xiamen Internet Merchants Association. It is the first technology company to provide Russian overseas warehousing and distribution and marketing services to Russia for domestic cross-border e-commerce, solving a series of rigid pain points such as customs clearance, warehousing and distribution, marketing, after-sales, payment, etc. In just 18 months of operation, it obtained tens of millions of venture capital. In the second half of 2016, Wangji Technology again received 45 million A round of financing. At present, the company serves more than one thousand cross-border brands from Amazon, Ebay, and Alibaba, and has become a leader in cross-border e-commerce service providers.

About Wangji Technology

·Wangji Technology's warehousing and distribution platform 007EX and Russia's UMKA e-commerce platform have entered China with a strong presence based on their current perfect product system, with operation centers in Xiamen and Shenzhen. In addition, they have self-operated warehouses and customer service teams in Moscow, St. Petersburg and Vladivostok, which increase online sales channels in the Russian market for e-commerce companies, reduce overseas inventory pressure, and provide hundreds of millions of Russian netizens with high-standard shopping experiences such as high-quality products, secure payment, timely delivery, and professional customer service.

Wangji Technology focuses on overseas warehouses and Russian localization team operations, and is committed to flattening the supply and demand of high-quality Chinese and Russian goods, directly pushing high-quality Chinese suppliers to Russian online retailers and wholesalers, eliminating all the intermediate links in traditional trade, increasing supplier profits and brand effects, and building a Sino-Russian e-commerce engine to realize the vision of "Sino-Russian power, connecting global resources"!

Wangji Technology's operation center is located in Xiamen Software Park (Phase I), and its service outlets cover e-commerce companies across the country and even the world. At the beginning of the company's establishment, the Torch High-tech Zone Management Committee took the initiative to provide assistance in various resources such as venues, funds, and talents.

Wangji’s overseas warehouses now deliver goods to the entire Russian territory within 1-5 days. Core cities such as Moscow and St. Petersburg can be delivered within 48 hours, far exceeding the logistics and delivery capabilities in Russia.

Business Scope

1. 007EX overseas warehouse (007EX Russian warehouse distribution platform)

(1) Content: 007EX, a cross-border warehousing and distribution platform for Russia under Wangji Technology, was established in 2014. As China's first warehousing and distribution service provider for Russia, it is committed to opening up the e-commerce path for global e-commerce in Russian-speaking regions. 007EX overseas warehousing and distribution platform has warehouses in Moscow, St. Petersburg, and Vladivostok in Russia. Its delivery network covers the cross-border e-commerce markets in 15 Russian-speaking countries, including Belarus and Kazakhstan. It has now served more than 2,000 cross-border brands from Amazon, Ebay, and Alibaba, and has become a leader in cross-border e-commerce service providers.

(2) The operation process is as follows:

2. UMKA e-commerce platform (UMKA's e-commerce platform for Russia)

(1) Content: UMKA is one of the largest online shopping websites for Chinese products in the Russian-speaking region. UMKA is the fastest growing e-commerce company in the Russian-speaking region. Customers can easily shop on the UMKA platform. Customers can access the platform through mobile devices or computer websites. Relying on the core advantages of a strong and complete warehouse and distribution logistics system and a localized overseas management team, the platform provides Russian-speaking netizens with high-standard localized shopping experiences such as high-quality products, multiple payment methods, timely delivery, return and exchange of goods, and professional customer service. Through the UMKA platform channel, Chinese retailers can simply and directly reach approximately 350 million consumers in 12 countries in the Russian-speaking region. There are a large number of products on the UMKA platform, covering electronic products, household goods, audio-visual equipment, outdoor sports, auto parts, etc.

(2) Platform features:

① Localized payment method: Use localized payment method, buyers settle in rubles and sellers settle in US dollars.

② Fast logistics delivery: door-to-door delivery in Moscow and surrounding areas within 1-3 days (direct delivery from China takes longer: 15-30 days, and can be picked up at post office outlets).

③Professional operation, translation, and customer service team: Operated by a Russian professional team, providing Russian translation and Russian 800 customer service telephone.

④ Large platform traffic: Yandex.Market + Avito, local e-commerce giants, a strong combination.

(3) Advantages of local e-commerce in Russia: Russia's online transaction volume in 2016 reached $13.9 billion, with local e-commerce accounting for 78% of the total; Russia has the largest land area in the world and a population of 150 million; Russia has a wide range of consumer products, and local store consumption is the main source of consumption, accounting for as much as 80%.

Corporate Culture

·Purpose: Create value, achieve self, and serve the society.

Vision: China-Russia power, linking global resources, and building a China-Russia e-commerce engine.

Mission: To help global companies open up e-commerce in Russian-speaking regions.

Business philosophy: Actively embrace various changes in the market and customers, and create the greatest value at the lowest cost.

· Wangji three forces: upward force, centripetal force, and good force.

Core Values: Continuously strive to improve the quality and quality of individuals and enterprises, face customers and shareholders with a results-oriented approach, challenge the impossible, and become an industry leader rather than a follower.

Talent Concept: We are the pioneers of the industry, focusing on the introduction of excellent and potential talents, and growing together with employees is our way of employing people. Proactive, good at learning, and willing to share are our selection criteria, creating equal development opportunities and sharing benefits is our way of retaining people. We have been continuously improving the internal environment, providing employees with a broad stage for growth and development, and attracting more learning talents to join us.

Development History

-In 2014, the company was established; Russia’s first overseas warehouse 007EX was established.

-In July 2015, the self-developed OWMS system was launched; in September, angel funds were obtained.

-In August 2016, the company received Series A financing. In December, the company won the 2016 Best MBA Research Project Award from the University of International Business and Economics.

-In January 2017, the company was selected as a key Internet talent entrepreneurship project in Fujian Province; in June, the company's founder was elected as the vice president of Xiamen International Chamber of Commerce; in July, he was appointed as the chief representative of Xiamen Council for the Promotion of International Trade in Russia.