Predict your next investment

Holding Company
royalholding.cn

See what CB Insights has to offer

About Rongyu Group

Rongyu Group (融钰集团) (SZSE: 002622), fka Jilin Yongda Group, is a holding company that focuses on industries such as mechanical and electrical equipment, consumer life, culture and education, trade flow, transportation and logistics, and health.

Rongyu Group Headquarter Location

Jilin, Jilin,

China

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Rongyu Group News

Rongyu Group Will Use Alibaba Network Services to Streamline Operations

May 16, 2018

(Yicai Global) May 16 -- A unit under China’s second-biggest online retailer Alibaba Group Holding Ltd. has agreed to provide network technology services to Rongyu Group Co. as the latter looks to optimize operations and cut costs. Alibaba China Technology Co. penned the deal to provide a number of e-commerce service solutions, including global wholesale network 1688, Alibaba Cloud and work-based messaging platform Ding Ding, the Beijing-based buyer said in a statement yesterday. It will also help Rongyu with enterprise services, big data, New Retail and cloud computing, with prices determined in separate contracts. Jilin-based Rongyu is mostly involved in developing technology and finance, with products and services covering electrical equipment, credit investigations, commercial banking and financial leasing. Earlier this year it unveiled plans to extend its tech presence by spending CNY60 million (USD9.4 million) on a 51-percent stake in automotive e-commerce marketer Hangzhou Yuyuan Network Technology Co., based in the same city as Alibaba. Editor: James Boynton

Rongyu Group Acquisitions

2 Acquisitions

Rongyu Group acquired 2 companies. Their latest acquisition was Ruichi Anxin on December 23, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/23/2018

$99M

Acquired

2

11/2/2017

Subscribe to see more

$99M

Subscribe to see more

10

Date

12/23/2018

11/2/2017

Investment Stage

Companies

Subscribe to see more

Valuation

$99M

$99M

Total Funding

Note

Acquired

Subscribe to see more

Sources

2

10

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.